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