Suburb Profile Report for Heatherton VIC (3202)

Heatherton House: Median price $845,750, Annual capital growth 6.83%, Number of sales 25, Weekly median advertised rent $550

Heatherton Unit: Median price $414,400, Annual capital growth 5.20%, Number of sales 28, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Heatherton, 3202 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.43%.

Taking the average capital gain, or increase in median house value, Heatherton,3202 has racked up an average of 8.43% over the period. This ranks it number 1317th in the whole country for real estate investors looking at median house price increases.

At number 565th of VIC’s most discounted properties, Heatherton is in the TOP 10% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Heatherton being $845750 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.38%

At number 1449th in the list of Australian suburbs ordered by increase in median house value over the last year, Heatherton, 3202 is in the BOTTOM 20% with a property value increase of -6.35% recorded in median house prices.

Across a shorter period, Heatherton, 3202 has seen a median price increase of 0.14% over the last quarter.

With the median price for a house in Heatherton being $414400 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.77%

Metrics i HOUSE UNIT
$845,750 $414,400
2.52% 0.14%
8.43% -6.35%
6.83% 5.20%
$550 $380
25 28
3.38% 4.77%
40.27 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Very 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
Chart Table
Recent sales & rentals