Suburb Profile Report for Hawthorn VIC (3122)

Hawthorn House: Median price $1,985,000, Annual capital growth 8.33%, Number of sales 176, Weekly median advertised rent $650

Hawthorn Unit: Median price $525,000, Annual capital growth 5.13%, Number of sales 339, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3206th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn, 3122 is in the BOTTOM 30% with a property value increase of -1.00% recorded in median house prices.

Hawthorn,3122 was ranked 3688 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Hawthorn are currently offering property investors an average price cut of -5.00% below the asking price at the moment.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

Hawthorn is in the bottom 20% in VIC when comparing median price capital growth over the last year. Hawthorn gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.76%.

Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Hawthorn should be aiming for at least -6.44% off the asking price, which is the average vendor discount being achieved at the moment.

Hawthorn, 3122’s gross rental yield is 3.81%

YIP MAG Information supplied by:

YIP MAG
August 2015

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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

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.

 

Close
Metrics i HOUSE UNIT
$1,985,000 $525,000
-3.87% -2.96%
-1.00% -3.76%
8.33% 5.13%
$650 $385
176 339
1.70% 3.81%
48.1 60.47

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Hawthorn VIC
Demographics
Total population 21177
Median household income ($/weekly) 1628
Median age of persons 31
Median housing loan repayment ($/monthly) 2193
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 2674 12.6
    25-34 years 5335 25.2
    35-44 years 2820 13.3
    45-54 years 2252 10.6
    55-64 years 1879 8.9
    Others 6217 29.4
    Age Group
    Census Count Percent(%)
    Not Married 8016 50.0
    Registered Married 6011 37.5
    Defacto Relationship 1996 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 13363 67.0
    Croatia 742 3.7
    Indonesia 982 4.9
    United Kingdom 813 4.1
    Other 990 5.0
    Others 3054 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 808 4.2
    Christianity 9999 52.5
    Hinduism 858 4.5
    Islam 407 2.1
    No Religion 6571 34.5
    Others 388 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 641 8.1
    $1,500-$1,999 899 11.4
    $2,000-$2,499 602 7.6
    $2,500-$2,999 1012 12.8
    $4,000 or more 746 9.5
    Others 3983 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7803 44.9
    Not in the labour force 4846 27.9
    Employed, worked part-time 3520 20.3
    Unemployed, looking for work 661 3.8
    Employed, away from work 530 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1872 15.8
    Professionals 4791 40.4
    Community & personal service workers 956 8.1
    Clerical & administrative workers 1601 13.5
    Sales 1054 8.9
    Others 1575 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 302 4.9
    Infants/Primary 1148 18.8
    Secondary 1081 17.7
    Technical or Further Educational Institution 479 7.8
    University or other Tertiary Institutions 2906 47.5
    Others 204 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8388 44.5
    Flat, unit or apartment 8010 42.5
    Semi-detached, row or terrace house, townhouse 2351 12.5
    House or flat attached to a shop, office 112 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4357 51.2
    Fully owned 2217 26.0
    Being purchased 1904 22.4
    Other tenure type 40 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals