If you compare the increase in value of investment property in Hawthorn, 3122 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.58%.
Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Hawthorn3122 is located in VIC which offers an average discount of -5.99% to property investors. Hawthorn itself is showing figures that indicate -5.24% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Hawthorn have been waiting around 59.87 days to sell a property.
Advertised rents are around the $650 mark per week – giving a return of 1.78% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -3.04% for the last year, Hawthorn, 3122 is the 1332th highest performer in Australia in this respect.
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.
Vendor discounting in Hawthorn is giving property investors an average Vendor Discount of around -7.98%. This puts suburb at number 29th in VIC when ranking the most discounted suburbs.
In the last year 326 properties changed hands in Hawthorn, which puts it as the 9th most active market in VIC when comparing the number of sales per suburb.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 6.43%.
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.