At number 163th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn, 3122 is in the top 10% with a property value increase of 23.50% recorded in median house prices.
The five-year average increase in median property values for Hawthorn,3122 has given property investors a potential capital gain of 56.21% across each of those five years.
At number 26th of VIC’s most discounted properties, Hawthorn is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $600 mark per week – giving a return of 1.58% based on the median price in Suburb
Hawthorn is in the bottom 30% in VIC when comparing median price capital growth over the last year. Hawthorn gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.06%.
Over the longer term, Hawthorn has seen property prices show investors a 11.39% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -7.89% to buyers in Hawthorn at the moment, which is less than average for the rest of VIC.
In the last year 333 properties changed hands in Hawthorn, which puts it as the 11th most active market in VIC when comparing the number of sales per suburb.
Hawthorn, 3122’s gross rental yield is 3.67%
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
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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.