Over the last year, property investments in Hawthorn, 3122 have given investors a capital gain of 12.38%. This compares favourably with the 9.04% for VIC as a whole.
Across a shorter period, Hawthorn, 3122 has seen a median price increase of 4.47% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Hawthorn is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 324th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $595 and the average annual increase in value of a median property of 8.85%, investors should hope to achieve an overall return of 1.49%
Hawthorn, 3122 ranked 295th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hawthorn is one of 2098 in our list for VIC
While Hawthorn,3122 ranked number 255th in VIC for increase in median house value (annualised) increase, it is ranked 221th over the last 5 years.
The most recent median price for Hawthorn is $542500, with sellers offering an average of -6.35% off the asking price.
At number 356 in a list of fastest selling suburbs, Hawthorn is in the TOP 30% of suburbs in Australia with an average of days on market 56.57 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 3.64% based on the median price in Suburb
Hawthorn has access to some of Melbourne’s top private schools, excellent shops, fantastic public transport and beautiful green belt areas. In addition Hawthorn has easy access to freeways for weekend escapes to Victoria’s fantastic beaches and wine country.Full summary
Information supplied by:
Besides having a reputation for an outstanding AFL team, Hawthorn has a lot to offer its residents.
This includes the fact that it’s just 6km east of Melbourne’s CBD.
Transport options are also fantastic, with a range of train,tram and bus opportunities.
Hawthorn has become known for its diversity of cafes and restaurants.
There are also great shopping options on Glenferrie Road, and it is close to some of Melbourne’s best schools.
Additionally, the local economy benefits from the suburb’s abundance of young professionals.
According to the mostrecent ABS Census, the median age is just 33 and the average weekly household income is $2,101 ($867 above the Australian average).
There are modern two-bedroom apartments on Denham Street that are close to sought-after amenities such as Hawthorn Station, Hawthorn West Primary School, St James Park, restaurants and shops.
They are also close to Swinburne University of Technology and the Glenferrie Road shops.
Selling points: Melbourne’s top private schools, shops, access to public transport and fantastic green belt areas. In addition access to freeways for weekend escapes to Victoria’s fantastic beaches and wine country.
Local transport: Excellent transport links covering all forms of public transport including bus, train & tram & an extensive network of family friendly bike paths.
Main arteries: M1, City link allowing access to both east and west coast beach side areas and access to Victoria’s wine country.