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%