VIC has seen average median house prices change by 7.80% which means that Hawthorn, 3122 has done well for property investors by showing a capital gain of 29.62% over the last year
Hawthorn,3122 was ranked 351 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 -13.54% . This means that Hawthorn is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $650 mark per week – giving a return of 1.68% based on the median price in Suburb
VIC has seen average median house prices change by 3.63% which means that Hawthorn, 3122 has done well for property investors by showing a capital gain of -5.01% over the last year
Over the longer term, Hawthorn has seen property prices show investors a 15.14% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Hawthorn is giving property investors an average Vendor Discount of around -7.58%. This puts suburb at number 28th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 27.42 sales per month, which equates to 329 per year.
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.