Suburb Profile Report for Hawthorn VIC (3122)

Hawthorn House: Median price $2,079,000, Annual capital growth 8.85%, Number of sales 153, Weekly median advertised rent $595

Hawthorn Unit: Median price $542,500, Annual capital growth 5.73%, Number of sales 319, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Hawthorn, 3122 have given investors a capital gain of 12.38%. This compares favourably with the 9.04% for VIC as a whole.

Across a shorter period, Hawthorn, 3122 has seen a median price increase of 4.47% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Hawthorn is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 324th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $595 and the average annual increase in value of a median property of 8.85%, investors should hope to achieve an overall return of 1.49%

Hawthorn, 3122 ranked 295th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hawthorn is one of 2098 in our list for VIC

While Hawthorn,3122 ranked number 255th in VIC for increase in median house value (annualised) increase, it is ranked 221th over the last 5 years.

The most recent median price for Hawthorn is $542500, with sellers offering an average of -6.35% off the asking price.

At number 356 in a list of fastest selling suburbs, Hawthorn is in the TOP 30% of suburbs in Australia with an average of days on market 56.57 for properties listed there.

Advertised rents are around the $380 mark per week – giving a return of 3.64% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
August 2015

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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

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.

 

Close
Metrics i HOUSE UNIT
$2,079,000 $542,500
4.47% -0.46%
12.38% -2.25%
8.85% 5.73%
$595 $380
153 319
1.49% 3.64%
82.2 56.57

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Hawthorn VIC
Demographics
Total population 21177
Median household income ($/weekly) 1628
Median age of persons 31
Median housing loan repayment ($/monthly) 2193
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 2674 12.6
    25-34 years 5335 25.2
    35-44 years 2820 13.3
    45-54 years 2252 10.6
    55-64 years 1879 8.9
    Others 6217 29.4
    Age Group
    Census Count Percent(%)
    Not Married 8016 50.0
    Registered Married 6011 37.5
    Defacto Relationship 1996 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 13363 67.0
    Croatia 742 3.7
    Indonesia 982 4.9
    United Kingdom 813 4.1
    Other 990 5.0
    Others 3054 15.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 808 4.2
    Christianity 9999 52.5
    Hinduism 858 4.5
    Islam 407 2.1
    No Religion 6571 34.5
    Others 388 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 641 8.1
    $1,500-$1,999 899 11.4
    $2,000-$2,499 602 7.6
    $2,500-$2,999 1012 12.8
    $4,000 or more 746 9.5
    Others 3983 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7803 44.9
    Not in the labour force 4846 27.9
    Employed, worked part-time 3520 20.3
    Unemployed, looking for work 661 3.8
    Employed, away from work 530 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1872 15.8
    Professionals 4791 40.4
    Community & personal service workers 956 8.1
    Clerical & administrative workers 1601 13.5
    Sales 1054 8.9
    Others 1575 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 302 4.9
    Infants/Primary 1148 18.8
    Secondary 1081 17.7
    Technical or Further Educational Institution 479 7.8
    University or other Tertiary Institutions 2906 47.5
    Others 204 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8388 44.5
    Flat, unit or apartment 8010 42.5
    Semi-detached, row or terrace house, townhouse 2351 12.5
    House or flat attached to a shop, office 112 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4357 51.2
    Fully owned 2217 26.0
    Being purchased 1904 22.4
    Other tenure type 40 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals