Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,860,000, Annual capital growth 9.94%, Number of sales 147, Weekly median advertised rent $660

Hawthorn East Unit: Median price $585,000, Annual capital growth 6.09%, Number of sales 179, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3089th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn East, 3123 is in the BOTTOM 30% with a property value increase of -0.27% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorn East has increased when compared to the 5 year average annual rate.

The most recent median price for Hawthorn East is $1860000, with sellers offering an average of -5.71% off the asking price.

Using the current median advertised rental of $660 and the average annual increase in value of a median property of 9.94%, investors should hope to achieve an overall return of 1.85%

Hawthorn East is in the bottom 30% in VIC when comparing median price capital growth over the last year. Hawthorn East gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.50%.

Hawthorn East,3123 has offered an average of -2.50% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.95% offered to property buyers. Sellers in Hawthorn East itself are offering an average vendor discount of -6.77% to real estate investors.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 6.09%, investors should hope to achieve an overall return of 3.51%

Metrics i HOUSE UNIT
$1,860,000 $585,000
3.91% -4.84%
-0.27% -2.50%
9.94% 6.09%
$660 $395
147 179
1.85% 3.51%
66.69 60.41

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
Chart Table
Recent sales & rentals