Suburb Profile Report for Heathmont VIC (3135)

Heathmont House: Median price $837,500, Annual capital growth 10.01%, Number of sales 107, Weekly median advertised rent $400

Heathmont Unit: Median price $650,500, Annual capital growth 8.82%, Number of sales 37, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1540th in the list of Australian suburbs ordered by increase in median house value over the last year, Heathmont, 3135 is in the top 40% with a property value increase of 9.05% recorded in median house prices.

A 64.22% growth in median value for property investors in Heathmont,3135 puts this suburb at number 221th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Heathmont are currently offering property investors an average price cut of -3.19% below the asking price at the moment.

In the last year 107 properties changed hands in Heathmont, which puts it as the 247th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Heathmont, 3135 is in the Maroondah local government area.

If you compare the increase in value of investment property in Heathmont, 3135 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.27%.

When looking at the potential capital gains offered to property investors over the last 3 years, Heathmont comes in at number 12th in VIC.

Heathmont, 3135 is offering VIC ‘s 299th 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.

Heathmont is 348th on a list of best yielding suburbs for rents in VIC with a 2.88% return

YIP MAG Information supplied by:

YIP MAG
July 2016

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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
Metrics i HOUSE UNIT
$837,500 $650,500
4.24% 3.25%
9.05% 18.27%
10.01% 8.82%
$400 $360
107 37
2.48% 2.88%
64.83 40

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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