Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,820,000, Annual capital growth 10.69%, Number of sales 171, Weekly median advertised rent $600

Hawthorn East Unit: Median price $575,000, Annual capital growth 6.74%, Number of sales 208, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1837th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn East, 3123 is in the top half with a property value increase of 5.51% recorded in median house prices.

Hawthorn East,3123 was ranked 3528 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hawthorn East, 3123. Typically our figures indicate that -1.28% is being offered, which puts this VIC suburb at 3728th most discounted overall in Australia.

Often selling an investment property can take time, and in Hawthorn East the average time real estate has been on the market is 62.66 days.

At number 892th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn East, 3123 is in the BOTTOM 50% with a property value increase of 2.68% recorded in median house prices.

A 4.83% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 268th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Hawthorn East should be aiming for at least -7.59% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Hawthorn East the average time real estate has been on the market is 80.27 days.

Hawthorn East is 280th on a list of best yielding suburbs for rents in VIC with a 3.57% return

HOUSE UNIT
$1,820,000 $575,000
-3.70% -1.71%
5.51% 2.68%
10.69% 6.74%
$600 $395
171 208
1.71% 3.57%
62.66 80.27

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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