At number 3206th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn, 3122 is in the BOTTOM 30% with a property value increase of -1.00% recorded in median house prices.
Hawthorn,3122 was ranked 3688 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 -5.00% below the asking price at the moment.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.
Hawthorn is in the bottom 20% in VIC when comparing median price capital growth over the last year. Hawthorn gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.76%.
Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Hawthorn should be aiming for at least -6.44% off the asking price, which is the average vendor discount being achieved at the moment.
Hawthorn, 3122’s gross rental yield is 3.81%
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.