Suburb Profile Report for Heidelberg VIC (3084)

Heidelberg House: Median price $1,101,000, Annual capital growth 8.97%, Number of sales 56, Weekly median advertised rent $438

Heidelberg Unit: Median price $540,000, Annual capital growth 5.14%, Number of sales 63, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Heidelberg is an average performer in VIC when comparing median price capital growth over the last year. Heidelberg gave property investors a average capital gain figure when compared to the rest of the state, with 8.47%.

Taking the average capital gain, or increase in median house value, Heidelberg,3084 has racked up an average of 8.47% over the period. This ranks it number 640th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Heidelberg is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 623th in VIC when ranking the most discounted suburbs.

With the median price for a house in Heidelberg being $1101000 and the advertised rent reaching $437.5 the gross rental yield for property investors calculates out to be 2.07%

Investment property in Heidelberg has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.47%

The five-year average increase in median property values for Heidelberg,3084 has given property investors a potential capital gain of 13.68% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Heidelberg, 3084. Typically our figures indicate that -2.97% is being offered, which puts this VIC suburb at 1331th most discounted overall in Australia.

In the last year 63 properties changed hands in Heidelberg, which puts it as the 144th most active market in VIC when comparing the number of sales per suburb.

HOUSE UNIT
$1,101,000 $540,000
2.32% -2.53%
8.47% 0.47%
8.97% 5.14%
$438 $390
56 63
2.07% 3.76%
85.14 52.31

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5712
Median household income ($/weekly) 1462
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 584 10.2
    25-34 years 1007 17.6
    35-44 years 856 15.0
    45-54 years 724 12.7
    55-64 years 566 9.9
    Others 1976 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 2107 48.8
    Not Married 1816 42.0
    Defacto Relationship 396 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3951 72.5
    Croatia 140 2.6
    Indonesia 151 2.8
    United Kingdom 200 3.7
    Other 253 4.6
    Others 752 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 117 2.2
    Christianity 3321 63.4
    Hinduism 85 1.6
    Islam 107 2.0
    No Religion 1572 30.0
    Others 36 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 180 8.7
    $1,250-$1,499 167 8.1
    $1,500-$1,999 235 11.3
    $2,000-$2,499 203 9.8
    $2,500-$2,999 266 12.8
    Others 1023 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1850 41.1
    Not in the labour force 1470 32.6
    Employed, worked part-time 879 19.5
    Employed, away from work 164 3.6
    Unemployed, looking for work 141 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 364 12.6
    Professionals 1119 38.7
    Technicians & trades workers 278 9.6
    Community & personal service workers 230 8.0
    Clerical & administrative workers 428 14.8
    Others 474 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 89 6.6
    Infants/Primary 406 30.0
    Secondary 314 23.2
    Technical or Further Educational Institution 115 8.5
    University or other Tertiary Institutions 379 28.0
    Others 52 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3447 64.6
    Flat, unit or apartment 1166 21.9
    Semi-detached, row or terrace house, townhouse 720 13.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 783 35.1
    Rented 778 34.9
    Being purchased 659 29.5
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals