Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,772,000, Annual capital growth 10.27%, Number of sales 144, Weekly median advertised rent $650

Hawthorn East Unit: Median price $585,000, Annual capital growth 6.46%, Number of sales 183, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Hawthorn East, 3123 have given investors a capital gain of -6.24%. This compares very badly with the 9.04% for VIC as a whole.

Hawthorn East,3123 has offered an average of -6.24% return per annum in house price rises to property investors over the last three years.

Hawthorn East, 3123 is offering VIC ‘s 266th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Hawthorn East is 582th on a list of best yielding suburbs for rents in VIC with a 1.91% return

If you compare the increase in value of investment property in Hawthorn East, 3123 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.86%.

The five-year average increase in median property values for Hawthorn East,3123 has given property investors a potential capital gain of 4.46% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Hawthorn East is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 49th in terms of most discounted suburbs in VIC

With the median price for a house in Hawthorn East being $585000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.51%

Metrics i HOUSE UNIT
$1,772,000 $585,000
0.64% -3.98%
-6.24% 0.86%
10.27% 6.46%
$650 $395
144 183
1.91% 3.51%
69.95 61.34

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 13101
Median household income ($/weekly) 1832
Median age of persons 33
Median housing loan repayment ($/monthly) 2392
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1325 10.1
    25-34 years 2773 21.2
    35-44 years 1807 13.8
    45-54 years 1592 12.2
    55-64 years 1322 10.1
    Others 4283 32.7
    Age Group
    Census Count Percent(%)
    Not Married 4592 46.5
    Registered Married 4332 43.8
    Defacto Relationship 956 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8639 70.4
    Croatia 381 3.1
    Indonesia 490 4.0
    United Kingdom 480 3.9
    Other 526 4.3
    Others 1760 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 364 3.1
    Christianity 6517 55.6
    Hinduism 414 3.5
    Judaism 355 3.0
    No Religion 3844 32.8
    Others 225 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 516 11.3
    $2,000-$2,499 353 7.7
    $2,500-$2,999 666 14.5
    $3,000-$3,499 406 8.9
    $4,000 or more 479 10.5
    Others 2161 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4670 45.0
    Not in the labour force 2873 27.7
    Employed, worked part-time 2134 20.6
    Employed, away from work 380 3.7
    Unemployed, looking for work 325 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1220 17.0
    Professionals 2940 40.9
    Community & personal service workers 528 7.4
    Clerical & administrative workers 947 13.2
    Sales 613 8.5
    Others 934 13.0
    Occupation
    Census Count Percent(%)
    Pre-school 245 7.2
    Infants/Primary 888 26.0
    Secondary 702 20.6
    Technical or Further Educational Institution 221 6.5
    University or other Tertiary Institutions 1246 36.5
    Others 113 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6242 52.0
    Flat, unit or apartment 3603 30.0
    Semi-detached, row or terrace house, townhouse 2109 17.6
    House or flat attached to a shop, office 53 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1964 39.3
    Fully owned 1643 32.9
    Being purchased 1375 27.5
    Other tenure type 16 0.3
    Tenure Type
Census 2011, ABS
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