VIC has seen average median house prices change by 10.83% which means that Hawthorn, 3122 has done well for property investors by showing a capital gain of 1.93% over the last year
While Hawthorn,3122 ranked number 675th in VIC for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.41% offered to property buyers. Sellers in Hawthorn itself are offering an average vendor discount of -4.00% to real estate investors.
Hawthorn, 3122’s gross rental yield is 1.69%
Property value increases in Hawthorn have tracked lower than the VIC average of 4.90% over the last 12 months.
Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Hawthorn is $534000, with sellers offering an average of -6.44% off the asking price.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 5.42%.
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.