Suburb Profile Report for Highett VIC (3190)

Highett House: Median price $1,120,000, Annual capital growth 9.81%, Number of sales 113, Weekly median advertised rent $520

Highett Unit: Median price $591,250, Annual capital growth 5.74%, Number of sales 136, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.06% which means that Highett, 3190 has done well for property investors by showing a capital gain of 15.46% over the last year

The five-year average increase in median property values for Highett,3190 has given property investors a potential capital gain of 60.57% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Highett is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 612th in terms of most discounted suburbs in VIC

Advertised rents are around the $520 mark per week – giving a return of 2.41% based on the median price in Suburb

Over the last year, property investments in Highett, 3190 have given investors a capital gain of -1.46%. This compares badly with the 3.11% for VIC as a whole.

Highett,3190 has offered an average of -1.46% return per annum in house price rises to property investors over the last three years.

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 Highett, 3190. Typically our figures indicate that -4.35% is being offered, which puts this VIC suburb at 985th most discounted overall in Australia.

Often selling an investment property can take time, and in Highett the average time real estate has been on the market is 82.95 days.

HOUSE UNIT
$1,120,000 $591,250
6.67% 2.38%
15.46% -1.46%
9.81% 5.74%
$520 $400
113 136
2.41% 3.52%
62.72 82.95

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10263
Median household income ($/weekly) 1386
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1194 11.6
    25-34 years 1276 12.4
    35-44 years 1857 18.1
    45-54 years 1378 13.4
    55-64 years 1095 10.7
    Others 3463 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3688 49.1
    Not Married 3144 41.9
    Defacto Relationship 680 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6965 71.5
    Hong Kong 206 2.1
    Papua New Guinea 214 2.2
    United Kingdom 583 6.0
    Other 565 5.8
    Others 1204 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 1.5
    Christianity 5872 63.1
    Islam 126 1.4
    Judaism 184 2.0
    No Religion 2839 30.5
    Others 151 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 359 10.1
    $600-$799 314 8.8
    $1,500-$1,999 420 11.8
    $2,000-$2,499 329 9.2
    $2,500-$2,999 398 11.1
    Others 1751 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3201 41.0
    Not in the labour force 2533 32.4
    Employed, worked part-time 1591 20.4
    Employed, away from work 281 3.6
    Unemployed, looking for work 210 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 749 14.8
    Professionals 1444 28.5
    Technicians & trades workers 595 11.7
    Clerical & administrative workers 787 15.5
    Sales 511 10.1
    Others 987 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 230 10.5
    Infants/Primary 815 37.2
    Secondary 541 24.7
    Technical or Further Educational Institution 184 8.4
    University or other Tertiary Institutions 362 16.5
    Others 60 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6981 73.1
    Semi-detached, row or terrace house, townhouse 1808 18.9
    Flat, unit or apartment 749 7.8
    House or flat attached to a shop, office 18 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1521 39.2
    Fully owned 1327 34.2
    Rented 1013 26.1
    Other tenure type 20 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals