Suburb Profile Report for Heywood VIC (3304)

Heywood House: Median price $155,000, Annual capital growth -0.45%, Number of sales 26, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report

Investment property in Heywood 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 -10.40%

While Heywood,3304 ranked number 23th in VIC for increase in median house value (annualised) increase, it is ranked 623th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Heywood itself are offering an average vendor discount of -9.78% to real estate investors.

At number 3276 in a list of fastest selling suburbs, Heywood is in the bottom 20% of suburbs in Australia with an average of days on market 126 for properties listed there.

Using the current median advertised rental of $200 and the average annual increase in value of a median property of -0.45%, investors should hope to achieve an overall return of 6.71%

Metrics i HOUSE UNIT
$155,000 N/A
12.73% N/A
-10.40% N/A
-0.45% N/A
$200 N/A
26 N/A
6.71% N/A
126 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 1725
Median household income ($/weekly) 771
Median age of persons 44
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 209 12.1
    35-44 years 212 12.3
    45-54 years 269 15.6
    55-64 years 244 14.1
    65-74 years 175 10.1
    Others 616 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 599 47.8
    Not Married 524 41.8
    Defacto Relationship 131 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1532 92.8
    New Zealand 16 1.0
    Papua New Guinea 37 2.2
    United Kingdom 37 2.2
    Other 9 0.5
    Others 19 1.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.4
    Christianity 1039 69.2
    Hinduism 3 0.2
    Islam 6 0.4
    No Religion 445 29.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 12.3
    $400-$599 105 16.4
    $600-$799 101 15.7
    $800-$999 58 9.0
    $1,500-$1,999 61 9.5
    Others 238 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 571 42.3
    Employed, worked full-time 442 32.7
    Employed, worked part-time 237 17.6
    Employed, away from work 55 4.1
    Unemployed, looking for work 45 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 128 17.5
    Technicians & trades workers 97 13.2
    Clerical & administrative workers 73 10.0
    Machinery operators & drivers 114 15.6
    Labourers 107 14.6
    Others 214 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.1
    Infants/Primary 137 41.8
    Secondary 113 34.5
    Technical or Further Educational Institution 38 11.6
    Other type of educational institution 11 3.4
    Others 9 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1517 96.0
    Semi-detached, row or terrace house, townhouse 54 3.4
    Caravan, cabin, houseboat 6 0.4
    House or flat attached to a shop, office 3 0.2
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 295 43.4
    Being purchased 221 32.5
    Rented 160 23.5
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals