VIC has seen average median house prices change by 8.27% which means that Hawthorn, 3122 has done well for property investors by showing a capital gain of 20.06% over the last year
The five-year average increase in median property values for Hawthorn,3122 has given property investors a potential capital gain of 56.08% across each of those five years.
The most recent median price for Hawthorn is $1990000, with sellers offering an average of -12.89% off the asking price.
Advertised rents are around the $610 mark per week – giving a return of 1.59% based on the median price in Suburb
Hawthorn, 3122 ranked 272th 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
Over the longer term, Hawthorn has seen property prices show investors a 11.22% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Hawthorn is $545000, with sellers offering an average of -7.16% off the asking price.
In the last year 324 properties changed hands in Hawthorn, which puts it as the 11th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Hawthorn, 3122 is in the Boroondara local government area.
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.