Over the last year, property investments in Hawthorn, 3122 have given investors a capital gain of 20.47%. This compares very favourably with the 7.68% for VIC as a whole.
The five-year average increase in median property values for Hawthorn,3122 has given property investors a potential capital gain of 54.08% across each of those five years.
At number 19th of VIC’s most discounted properties, Hawthorn is in the bottom 10% of the state/territory when listing in order of most discounted to least.
At number 2968 in a list of fastest selling suburbs, Hawthorn is in the bottom 30% of suburbs in Australia with an average of days on market 112.74 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 9.22%, investors should hope to achieve an overall return of 1.75%
Over the last year, property investments in Hawthorn, 3122 have given investors a capital gain of -3.86%. This compares very badly with the 3.19% for VIC as a whole.
If we look at median property appreciation over just the last three months, Hawthorn has given property investors a paper return of -1.20%. This puts Suburb as 259 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Hawthorn 3122 should be seeing an average reduction in asking price of around -6.92% . This means that Hawthorn is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
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.