Suburb Profile Report for Heathmont VIC (3135)

Heathmont House: Median price $775,000, Annual capital growth 9.38%, Number of sales 120, Weekly median advertised rent $420

Heathmont Unit: Median price $540,000, Annual capital growth 7.30%, Number of sales 32, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Heathmont has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.90% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Heathmont comes in at number 143th in VIC.

Heathmont, 3135 is offering VIC ‘s 582th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 9.38%.

Giving property investors a an average capital gain of 1.89% for the last year, Heathmont, 3135 is the 962th highest performer in Australia in this respect.

Across a shorter period, Heathmont, 3135 has seen a median price increase of 1.89% over the last quarter.

Property investors looking for a bargain in Heathmont should be aiming for at least -2.70% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2016

M
O

W
E
Anybody considering a unit in Heathmont should act soon as the suburb is experiencing a strong run of price growth.Full summary Anybody considering a unit in Heathmont should act soon as the suburb is experiencing a strong run of price growth.

The median unit price in Heathmont, located around 30km east of the Melbourne CBD, is currently $550,000 but is trending upwards, with price growth of 36% over the last five years. Buyers seem to be taking notice of that too, with the average time on market for units only just over a month.

While it is a fair distance from central Melbourne, Heathmont does boast amenities that make up for that.

There are both primary and secondary schools in the suburb, and a number of public and private healthcare options nearby.

Neighbouring Ringwood has a range of shops, while Heathmont train station can put commuters in the middle of Melbourne in less than an hour.

Canterbury Road, running through the middle of the suburb, has a number of restaurants and cafes, though traffic noise may be a reason to avoid properties on that stretch.Close
HOUSE UNIT
$775,000 $540,000
1.71% 1.89%
6.90% 1.89%
9.38% 7.30%
$420 $370
120 32
2.82% 3.56%
48.7 49.17

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
Find a mortgage broker in Heathmont VIC
Demographics
Total population 9250
Median household income ($/weekly) 1420
Median age of persons 39
Median housing loan repayment ($/monthly) 1751
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1149 12.4
    25-34 years 1115 12.1
    35-44 years 1420 15.3
    45-54 years 1229 13.3
    55-64 years 1107 12.0
    Others 3231 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 3811 54.9
    Not Married 2583 37.2
    Defacto Relationship 549 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7195 80.0
    Croatia 122 1.4
    Papua New Guinea 147 1.6
    United Kingdom 538 6.0
    Other 240 2.7
    Others 750 8.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 186 2.2
    Christianity 5576 65.4
    Hinduism 68 0.8
    Other Religious Groups 41 0.5
    No Religion 2614 30.7
    Others 42 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 271 8.9
    $1,000-$1,249 305 10.0
    $1,500-$1,999 456 14.9
    $2,000-$2,499 331 10.8
    $2,500-$2,999 306 10.0
    Others 1384 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2857 39.1
    Not in the labour force 2388 32.7
    Employed, worked part-time 1591 21.8
    Employed, away from work 263 3.6
    Unemployed, looking for work 214 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 565 12.0
    Professionals 1239 26.3
    Technicians & trades workers 668 14.2
    Clerical & administrative workers 821 17.4
    Sales 460 9.8
    Others 958 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 190 8.6
    Infants/Primary 746 33.6
    Secondary 633 28.5
    Technical or Further Educational Institution 232 10.5
    University or other Tertiary Institutions 348 15.7
    Others 69 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7760 88.4
    Semi-detached, row or terrace house, townhouse 683 7.8
    Flat, unit or apartment 324 3.7
    House or flat attached to a shop, office 11 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1450 43.6
    Fully owned 1276 38.4
    Rented 582 17.5
    Other tenure type 16 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals