Suburb Profile Report for Heathcote VIC (3523)

Heathcote House: Median price $242,500, Annual capital growth 3.89%, Number of sales 42, 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 lower than the VIC average of 7.80% over the last 12 months.

Heathcote,3523 was ranked 3978 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Heathcote should be aiming for at least -10.20% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Heathcote the average time real estate has been on the market is 183.46 days.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.89%, investors should hope to achieve an overall return of 5.79%

HOUSE UNIT
$242,500 N/A
-12.45% N/A
1.04% N/A
3.89% N/A
$270 N/A
42 N/A
5.79% N/A
183.46 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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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