Investment property in Hawthorn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.25%
Hawthorn,3122 was ranked 3659 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Hawthorn are currently offering property investors an average price cut of -4.96% below the asking price at the moment.
Situated 6.02km from the CBD, Hawthorn is one of Boroondara localities in the postcode 3122.
Property investors who have had real estate in Hawthorn, 3122 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.52%
Hawthorn,3122 was ranked 1233 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.63% to buyers in Hawthorn at the moment, which is less than average for the rest of VIC.
Residents and property investors in Hawthorn have been waiting around 57.3 days to sell a property.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.68%, investors should hope to achieve an overall return of 3.65%
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.