Investment property in Heidelberg has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.45%
Across a shorter period, Heidelberg, 3084 has seen a median price increase of 0.00% over the last quarter.
Property buyers and investors in Heidelberg 3084 should be seeing an average reduction in asking price of around 0.00% . This means that Heidelberg is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Heidelberg the average time real estate has been on the market is 71 days.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 8.95%, investors should hope to achieve an overall return of 2.08%
If you compare the increase in value of investment property in Heidelberg, 3084 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.93%.
Heidelberg,3084 was ranked 1192 in Australia by increase in median property value over the quarter.
The most recent median price for Heidelberg is $545000, with sellers offering an average of -3.27% off the asking price.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.