Suburb Profile Report for Highton VIC (3216)

Highton House: Median price $606,500, Annual capital growth 6.15%, Number of sales 355, Weekly median advertised rent $380

Highton Unit: Median price $335,000, Annual capital growth 3.86%, Number of sales 74, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Highton has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.52%

While Highton,3216 ranked number 423th in VIC for increase in median house value (annualised) increase, it is ranked 364th over the last 5 years.

At number 215th of VIC’s most discounted properties, Highton is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Highton is 333th on a list of best yielding suburbs for rents in VIC with a 3.26% return

VIC has seen average median house prices change by 5.66% which means that Highton, 3216 has done well for property investors by showing a capital gain of 1.06% over the last year

Highton,3216 was ranked 167 in Australia by increase in median property value over the quarter.

Highton, 3216 is offering VIC ‘s 126th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.86%, investors should hope to achieve an overall return of 4.66%

Metrics i HOUSE UNIT
$606,500 $335,000
1.42% 7.17%
15.52% 1.06%
6.15% 3.86%
$380 $300
355 74
3.26% 4.66%
51.32 48.9

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 16656
Median household income ($/weekly) 1379
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2134 12.8
    25-34 years 1707 10.2
    35-44 years 2142 12.9
    45-54 years 2446 14.7
    55-64 years 2086 12.5
    Others 6142 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 7074 56.5
    Not Married 4695 37.5
    Defacto Relationship 742 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 13248 82.2
    Croatia 191 1.2
    Indonesia 187 1.2
    United Kingdom 863 5.4
    Other 390 2.4
    Others 1235 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 169 1.1
    Christianity 11017 71.3
    Hinduism 124 0.8
    Islam 208 1.3
    No Religion 3827 24.8
    Others 105 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 560 10.1
    $800-$999 502 9.0
    $1,500-$1,999 716 12.9
    $2,000-$2,499 560 10.1
    $2,500-$2,999 557 10.0
    Others 2671 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4762 36.0
    Not in the labour force 4650 35.1
    Employed, worked part-time 2996 22.6
    Employed, away from work 457 3.5
    Unemployed, looking for work 375 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1065 13.0
    Professionals 2241 27.3
    Technicians & trades workers 1000 12.2
    Clerical & administrative workers 1123 13.7
    Sales 996 12.1
    Others 1785 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 290 6.6
    Infants/Primary 1404 31.9
    Secondary 1187 27.0
    Technical or Further Educational Institution 345 7.8
    University or other Tertiary Institutions 1058 24.0
    Others 118 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14264 90.9
    Flat, unit or apartment 1177 7.5
    Semi-detached, row or terrace house, townhouse 242 1.5
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2556 42.3
    Being purchased 2225 36.9
    Rented 1235 20.5
    Other tenure type 20 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals