Suburb Profile Report for Heatherton VIC (3202)

Heatherton House: Median price $900,000, Annual capital growth 7.31%, Number of sales 29, Weekly median advertised rent $550

Heatherton Unit: Median price $415,000, Annual capital growth 4.30%, Number of sales 26, Weekly median advertised rent $380

  • 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 10.43% which means that Heatherton, 3202 has done well for property investors by showing a capital gain of 13.21% over the last year

Over the longer term, Heatherton has seen property prices show investors a 31.20% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Heatherton should be aiming for at least -2.91% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 7.31%, investors should hope to achieve an overall return of 3.18%

Property value increases in Heatherton have tracked just lower than the VIC average of 4.79% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Heatherton comes in at number 334th in VIC.

Advertised rents are around the $380 mark per week – giving a return of 4.76% based on the median price in Suburb

Metrics i HOUSE UNIT
$900,000 $415,000
7.78% 0.14%
13.21% -1.19%
7.31% 4.30%
$550 $380
29 26
3.18% 4.76%
35.26 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2768
Median household income ($/weekly) 1752
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 296 10.7
    5-14 years 395 14.3
    25-34 years 325 11.7
    35-44 years 590 21.3
    45-54 years 346 12.5
    Others 816 29.5
    Age Group
    Census Count Percent(%)
    Registered Married 1066 59.1
    Not Married 569 31.5
    Defacto Relationship 170 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1648 63.2
    Croatia 84 3.2
    South Africa 77 3.0
    United Kingdom 123 4.7
    Other 163 6.3
    Others 511 19.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 88 3.5
    Christianity 1546 61.8
    Hinduism 63 2.5
    Judaism 89 3.6
    No Religion 663 26.5
    Others 52 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 57 7.5
    $1,500-$1,999 97 12.8
    $2,000-$2,499 75 9.9
    $2,500-$2,999 105 13.9
    $3,000-$3,499 76 10.0
    Others 347 45.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 858 44.1
    Not in the labour force 569 29.3
    Employed, worked part-time 389 20.0
    Employed, away from work 77 4.0
    Unemployed, looking for work 52 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 224 17.0
    Professionals 332 25.2
    Technicians & trades workers 163 12.3
    Clerical & administrative workers 204 15.5
    Sales 146 11.1
    Others 251 19.0
    Occupation
    Census Count Percent(%)
    Pre-school 80 12.2
    Infants/Primary 278 42.2
    Secondary 138 21.0
    Technical or Further Educational Institution 40 6.1
    University or other Tertiary Institutions 106 16.1
    Others 16 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2213 89.5
    Flat, unit or apartment 134 5.4
    Semi-detached, row or terrace house, townhouse 125 5.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 402 48.0
    Fully owned 229 27.4
    Rented 202 24.1
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals