Property investors who have had real estate in Heatherton, 3202 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.99%
Over the longer term, Heatherton has seen property prices show investors a 34.13% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -2.80% to buyers in Heatherton at the moment, which is less than average for the rest of VIC.
With the median price for a house in Heatherton being $845000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.38%
Heatherton is in the bottom 20% in VIC when comparing median price capital growth over the last year. Heatherton gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.88%.
Taking the average capital gain, or increase in median house value, Heatherton,3202 has racked up an average of -6.88% over the period. This ranks it number 892th in the whole country for real estate investors looking at median house price increases.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.