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%