Suburb Profile Report for Highton VIC (3216)

Highton House: Median price $555,000, Annual capital growth 5.15%, Number of sales 344, Weekly median advertised rent $380

Highton Unit: Median price $315,500, Annual capital growth 3.26%, Number of sales 56, Weekly median advertised rent $293

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Highton, 3216 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.25%

Across a shorter period, Highton, 3216 has seen a median price increase of 4.08% over the last quarter.

The most recent median price for Highton is $555000, with sellers offering an average of -5.37% off the asking price.

With the median price for a house in Highton being $555000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.56%

Investment property in Highton has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.54%

Highton,3216 was ranked 1425 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.60% to buyers in Highton at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of 3.26%, investors should hope to achieve an overall return of 4.82%

HOUSE UNIT
$555,000 $315,500
4.08% -3.66%
9.25% -5.54%
5.15% 3.26%
$380 $293
344 56
3.56% 4.82%
63.86 73.18

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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Recent sales & rentals