Suburb Profile Report for Heatherton VIC (3202)

Heatherton House: Median price $795,000, Annual capital growth 5.84%, Number of sales 32, Weekly median advertised rent $550

Heatherton Unit: Median price $456,500, Annual capital growth 7.79%, Number of sales 16, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Heatherton has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.53% to date .

A 27.18% growth in median value for property investors in Heatherton,3202 puts this suburb at number 435th in terms of best performing suburbs in VIC

Property buyers and investors in Heatherton 3202 should be seeing an average reduction in asking price of around -3.82% . This means that Heatherton is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Heatherton the average time real estate has been on the market is 43.68 days.

With the median price for a house in Heatherton being $795000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.60%

Investment property in Heatherton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.45%

Heatherton,3202 has offered an average of 3.45% return per annum in house price rises to property investors over the last three years.

HOUSE UNIT
$795,000 $456,500
0.32% -1.19%
6.53% 3.45%
5.84% 7.79%
$550 $380
32 16
3.60% 4.33%
43.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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