Hawthorn is in the TOP 10% in VIC when comparing median price capital growth over the last year. Hawthorn gave property investors a very good capital gain figure when compared to the rest of the state, with 30.84%.
Hawthorn,3122 was ranked 1933 in Australia by increase in median property value over the quarter.
Vendor discounting in Hawthorn is giving property investors an average Vendor Discount of around -12.11%. This puts suburb at number 29th in VIC when ranking the most discounted suburbs.
Residents and property investors in Hawthorn have been waiting around 120.67 days to sell a property.
Property value increases in Hawthorn have tracked just lower than the VIC average of 3.11% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorn has increased when compared to the 5 year average annual rate.
At number 18th 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.
Property investors should expect to get $380 weekly from the median priced house in this 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
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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.