Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,720,000, Annual capital growth 8.85%, Number of sales 143, Weekly median advertised rent $650

Hawthorn East Unit: Median price $619,950, Annual capital growth 7.08%, Number of sales 187, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Hawthorn East has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.20%

Hawthorn East,3123 has offered an average of -2.20% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Hawthorn East should be aiming for at least -3.85% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 143 properties changed hands in Hawthorn East, which puts it as the 175th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.85%, investors should hope to achieve an overall return of 1.97%

Property investors who have had real estate in Hawthorn East, 3123 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.70%

Across a shorter period, Hawthorn East, 3123 has seen a median price increase of 7.82% over the last quarter.

Hawthorn East, 3123 is offering VIC ‘s 149th 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.

Residents and property investors in Hawthorn East have been waiting around 68.4 days to sell a property.

Advertised rents are around the $395 mark per week – giving a return of 3.31% based on the median price in Suburb

HOUSE UNIT
$1,720,000 $619,950
-7.15% 7.82%
-2.20% 11.70%
8.85% 7.08%
$650 $395
143 187
1.97% 3.31%
62.69 68.4

Source: CoreLogic

DSR Score for property investment : Above average (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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