Giving property investors a a solid capital gain of 22.76% for the last year, Hawthorn, 3122 is the 220th highest performer in Australia in this respect.
Hawthorn,3122 was ranked 2463 in Australia by increase in median property value over the quarter.
Property buyers and investors in Hawthorn 3122 should be seeing an average reduction in asking price of around -12.89% . This means that Hawthorn is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Hawthorn the average time real estate has been on the market is 98.2 days.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 1.49%, without taking into account capital value appreciation, which has been averaging out at 8.91%.
With a capital gain of -2.18% for the last 12 months, Hawthorn, 3122 has performed for property investments than its average annual 5.61% property growth over the last 5 years.
While Hawthorn,3122 ranked number 282th in VIC for increase in median house value (annualised) increase, it is ranked 223th over the last 5 years.
Vendor discounting in Hawthorn is giving property investors an average Vendor Discount of around -6.46%. This puts suburb at number 58th in VIC when ranking the most discounted suburbs.
At number 344 in a list of fastest selling suburbs, Hawthorn is in the TOP 30% of suburbs in Australia with an average of days on market 56.09 for properties listed there.
Hawthorn is 267th on a list of best yielding suburbs for rents in VIC with a 3.67% return
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.