Suburb Profile Report for Hughesdale VIC (3166)

Hughesdale House: Median price $1,329,500, Annual capital growth 11.53%, Number of sales 46, Weekly median advertised rent $455

Hughesdale Unit: Median price $665,000, Annual capital growth 5.89%, Number of sales 50, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Hughesdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.26%

The five-year average increase in median property values for Hughesdale,3166 has given property investors a potential capital gain of 89.93% across each of those five years.

Hughesdale, 3166 ranked 95th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hughesdale is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Hughesdale,3166 has racked up an average of 11.02% over the period. This ranks it number 327th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Hughesdale should be aiming for at least -4.36% off the asking price, which is the average vendor discount being achieved at the moment.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.13%, without taking into account capital value appreciation, which has been averaging out at 5.89%.

Dean & Kylie Sirianni Information supplied by:

Dean & Kylie Sirianni
Barry Plant

M 0400446186 0402019540
O 95683388

W http://www.deanandkylie.com.au/
E dsirianni@barryplant.com.au ksirianni@barryplant.com.au
Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.86%.

Hughesdale,3166 has offered an average of 4.86% return per annum in house price rises to property investors over the last three years.

At number 308th of VIC’s most discounted properties, Hughesdale is in the middle of the state/territory when listing in order of most discounted to least.

At number 38 in a list of fastest selling suburbs, Hughesdale is in the TOP 10% of suburbs in Australia with an average of days on market 42.36 for properties listed there.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 7.86%, investors should hope to achieve an overall return of 2.83%Full summary
Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.86%.
 
Hughesdale,3166 has offered an average of 4.86% return per annum in house price rises to property investors over the last three years.
 
At number 308th of VIC’s most discounted properties, Hughesdale is in the middle of the state/territory when listing in order of most discounted to least.
 
At number 38 in a list of fastest selling suburbs, Hughesdale is in the TOP 10% of suburbs in Australia with an average of days on market 42.36 for properties listed there.
 
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 7.86%, investors should hope to achieve an overall return of 2.83%
 
Selling points:
Family oriented suburb that is close proximity to most amenities
2 train stations, Oakleigh Cake Precinct, Chadstone Shopping Centre
 
Most Sought-after properties:
Period style homes, either unrenovated or renovated.
 
Most common properties: 
Californian Bungalows
 
Top amenities:
Train stations, schools, and shops / cafes.
 
Local industry and business:
Restaurants, cafes, shopping centres.
 
Recent changes: 
Growth of Oakleigh's cafe precinct.
 
Best streets:
Easton Rd., The Alphabet streets
 
Public Transport:
2 Train Stations & buses
 
Main arteries:
Dandenong Road, North Road, Warrigal Road

 

Close
Metrics i HOUSE UNIT
$1,329,500 $665,000
4.44% 10.83%
11.26% 11.02%
11.53% 5.89%
$455 $400
46 50
1.78% 3.13%
N/A 82.09

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Hughesdale VIC
Demographics
Total population 7054
Median household income ($/weekly) 1365
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 782 11.1
    20-24 years 626 8.9
    25-34 years 1233 17.5
    35-44 years 1202 17.0
    45-54 years 857 12.1
    Others 2354 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 2552 47.4
    Not Married 2394 44.4
    Defacto Relationship 443 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3992 59.8
    Croatia 468 7.0
    Hong Kong 422 6.3
    Indonesia 375 5.6
    Other 339 5.1
    Others 1084 16.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 220 3.4
    Christianity 3929 60.6
    Hinduism 349 5.4
    Judaism 93 1.4
    No Religion 1765 27.2
    Others 129 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 205 8.6
    $1,250-$1,499 206 8.7
    $1,500-$1,999 274 11.5
    $2,000-$2,499 229 9.7
    $2,500-$2,999 256 10.8
    Others 1203 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2177 39.4
    Not in the labour force 1861 33.6
    Employed, worked part-time 1076 19.5
    Unemployed, looking for work 214 3.9
    Employed, away from work 203 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 442 12.8
    Professionals 1033 29.9
    Technicians & trades workers 409 11.8
    Clerical & administrative workers 529 15.3
    Sales 345 10.0
    Others 696 20.2
    Occupation
    Census Count Percent(%)
    Pre-school 127 7.1
    Infants/Primary 492 27.6
    Secondary 384 21.6
    Technical or Further Educational Institution 153 8.6
    University or other Tertiary Institutions 548 30.8
    Others 76 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4389 65.7
    Semi-detached, row or terrace house, townhouse 1444 21.6
    Flat, unit or apartment 819 12.3
    House or flat attached to a shop, office 33 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 893 35.0
    Being purchased 834 32.7
    Fully owned 810 31.8
    Other tenure type 11 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals