Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,750,000, Annual capital growth 8.96%, Number of sales 145, Weekly median advertised rent $655

Hawthorn East Unit: Median price $620,000, Annual capital growth 7.33%, Number of sales 182, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Hawthorn East has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.50% to date .

A 51.84% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 615th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Hawthorn East are currently offering property investors an average price cut of -3.59% below the asking price at the moment.

Residents and property investors in Hawthorn East have been waiting around 62.5 days to sell a property.

Hawthorn East, 3123’s gross rental yield is 1.95%

Hawthorn East has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.66% to date .

Hawthorn East,3123 was ranked 153 in Australia by increase in median property value over the quarter.

The most recent median price for Hawthorn East is $620000, with sellers offering an average of -5.26% off the asking price.

At number 568 in a list of fastest selling suburbs, Hawthorn East is in the TOP 40% of suburbs in Australia with an average of days on market 68.4 for properties listed there.

With the median price for a house in Hawthorn East being $620000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.31%

Metrics i HOUSE UNIT
$1,750,000 $620,000
-2.23% 7.34%
-0.50% 11.66%
8.96% 7.33%
$655 $395
145 182
1.95% 3.31%
62.5 68.4

Source: CoreLogic

DSR Score for property investment : Balanced (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