Suburb Profile Report for Heathcote VIC (3523)

Heathcote House: Median price $273,500, Annual capital growth 5.09%, Number of sales 52, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

Property value increases in Heathcote have tracked close to the VIC average of 8.06% over the last 12 months.

Comparing Heathcote,3523 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Heathcote should be aiming for at least -11.00% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3706 in a list of fastest selling suburbs, Heathcote is in the bottom 10% of suburbs in Australia with an average of days on market 163.72 for properties listed there.

With the median price for a house in Heathcote being $273500 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.13%

HOUSE UNIT
$273,500 N/A
3.21% N/A
8.96% N/A
5.09% N/A
$270 N/A
52 N/A
5.13% N/A
163.72 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2775
Median household income ($/weekly) 672
Median age of persons 53
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 252 9.1
    45-54 years 417 15.0
    55-64 years 474 17.1
    65-74 years 472 17.0
    75-84 years 276 9.9
    Others 884 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 1031 48.9
    Not Married 899 42.6
    Defacto Relationship 180 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2189 86.6
    Greece 23 0.9
    Papua New Guinea 37 1.5
    United Kingdom 149 5.9
    Other 29 1.1
    Others 101 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 1.0
    Christianity 1666 68.6
    Hinduism 6 0.2
    Other Religious Groups 14 0.6
    No Religion 717 29.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 157 15.3
    $400-$599 201 19.6
    $600-$799 171 16.7
    $800-$999 121 11.8
    $1,000-$1,249 80 7.8
    Others 296 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1281 57.3
    Employed, worked full-time 494 22.1
    Employed, worked part-time 312 14.0
    Employed, away from work 78 3.5
    Unemployed, looking for work 70 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 15.6
    Professionals 98 11.1
    Technicians & trades workers 136 15.3
    Sales 100 11.3
    Labourers 124 14.0
    Others 290 32.7
    Occupation
    Census Count Percent(%)
    Pre-school 28 7.2
    Infants/Primary 131 33.6
    Secondary 134 34.4
    Technical or Further Educational Institution 50 12.8
    University or other Tertiary Institutions 30 7.7
    Others 17 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2331 94.1
    Flat, unit or apartment 68 2.7
    Semi-detached, row or terrace house, townhouse 34 1.4
    Caravan, cabin, houseboat 27 1.1
    House or flat attached to a shop, office 17 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 589 52.0
    Being purchased 355 31.3
    Rented 180 15.9
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals