Heidelberg West has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.35% to date .
Taking the average capital gain, or increase in median house value, Heidelberg West,3081 has racked up an average of 9.35% over the period. This ranks it number 548th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Heidelberg West 3081 should be seeing an average reduction in asking price of around -8.41% . This means that Heidelberg West is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
At number 646th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg West, 3081 is in the top 40% with a property value increase of 5.62% recorded in median house prices.
Over the longer term, Heidelberg West has seen property prices show investors a 23.70% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Heidelberg West is giving property investors an average Vendor Discount of around -11.49%. This puts suburb at number 4th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $380 mark per week – giving a return of 4.20% based on the median price in Suburb