Suburb Profile Report for Highton VIC (3216)

Highton House: Median price $536,500, Annual capital growth 4.77%, Number of sales 348, Weekly median advertised rent $380

Highton Unit: Median price $321,000, Annual capital growth 3.29%, Number of sales 54, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Highton is in the bottom 40% in VIC when comparing median price capital growth over the last year. Highton gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.20%.

Over the longer term, Highton has seen property prices show investors a 13.67% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Highton is giving property investors an average Vendor Discount of around -5.60%. This puts suburb at number 320th in VIC when ranking the most discounted suburbs.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Giving property investors a an unimpressive capital gain of -3.60% for the last year, Highton, 3216 is the 1350th highest performer in Australia in this respect.

The five-year average increase in median property values for Highton,3216 has given property investors a potential capital gain of 7.36% across each of those five years.

Our latest figures would indicate that property sellers in Highton are currently offering property investors an average price cut of -5.00% below the asking price at the moment.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.70%, without taking into account capital value appreciation, which has been averaging out at 3.29%.

HOUSE UNIT
$536,500 $321,000
2.19% -3.17%
5.20% -3.60%
4.77% 3.29%
$380 $290
348 54
3.68% 4.70%
65.41 83.3

Source: CoreLogic

DSR Score for property investment : Good (U), 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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