Suburb Profile Report for Highett VIC (3190)

Highett House: Median price $1,027,500, Annual capital growth 9.49%, Number of sales 114, Weekly median advertised rent $510

Highett Unit: Median price $570,000, Annual capital growth 5.36%, Number of sales 155, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Highett, 3190 have given investors a capital gain of 8.16%. This compares averagely with the 8.13% for VIC as a whole.

Over the longer term, Highett has seen property prices show investors a 48.91% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Highett are currently offering property investors an average price cut of -8.03% below the asking price at the moment.

Residents and property investors in Highett have been waiting around 62.1 days to sell a property.

Advertised rents are around the $510 mark per week – giving a return of 2.58% based on the median price in Suburb

If you compare the increase in value of investment property in Highett, 3190 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.00%.

When looking at the potential capital gains offered to property investors over the last 3 years, Highett comes in at number 214th in VIC.

At number 262th of VIC’s most discounted properties, Highett is in the TOP 20% of the state/territory when listing in order of most discounted to least.

At number 850 in a list of fastest selling suburbs, Highett is just in the bottom half of suburbs in Australia with an average of days on market 81 for properties listed there.

HOUSE UNIT
$1,027,500 $570,000
0.74% -3.39%
8.16% -5.00%
9.49% 5.36%
$510 $395
114 155
2.58% 3.60%
62.1 81

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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Recent sales & rentals