If you compare the increase in value of investment property in Heidelberg, 3084 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.94%.
Over the longer term, Heidelberg has seen property prices show investors a 38.85% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Heidelberg is $1015000, with sellers offering an average of -2.35% off the asking price.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Heidelberg, 3084’s gross rental yield is 2.20%
Property value increases in Heidelberg have tracked just higher than the VIC average of 3.63% over the last 12 months.
Taking the average capital gain, or increase in median house value, Heidelberg,3084 has racked up an average of 9.31% over the period. This ranks it number 859th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Heidelberg is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 298th in terms of most discounted suburbs in VIC