Giving property investors a an average capital gain of 5.46% for the last year, Heidelberg, 3084 is the 1997th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Heidelberg has given property investors a paper return of 0.88%. This puts Suburb as 474 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Heidelberg is $1140000, with sellers offering an average of -3.92% off the asking price.
With the median price for a house in Heidelberg being $1140000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.05%
Property value increases in Heidelberg have tracked just lower than the VIC average of 4.26% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Heidelberg has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Heidelberg itself are offering an average vendor discount of -3.27% to real estate investors.
The VIC suburb of Heidelberg, 3084 is in the Banyule local government area.