Suburb Profile Report for Heyfield VIC (3858)

Heyfield House: Median price $245,000, Annual capital growth 6.90%, Number of sales 26, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Heyfield is in the TOP 10% in VIC when comparing median price capital growth over the last year. Heyfield gave property investors a very good capital gain figure when compared to the rest of the state, with 36.11%.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Heyfield itself are offering an average vendor discount of -4.92% to real estate investors.

Residents and property investors in Heyfield have been waiting around 140.92 days to sell a property.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.31%, without taking into account capital value appreciation, which has been averaging out at 6.90%.

HOUSE UNIT
$245,000 N/A
N/A N/A
36.11% N/A
6.90% N/A
$250 N/A
26 N/A
5.31% N/A
140.92 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1937
Median household income ($/weekly) 749
Median age of persons 41
Median housing loan repayment ($/monthly) 975
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 258 13.3
    35-44 years 220 11.4
    45-54 years 229 11.8
    55-64 years 273 14.1
    65-74 years 191 9.9
    Others 766 39.5
    Age Group
    Census Count Percent(%)
    Registered Married 655 48.1
    Not Married 580 42.6
    Defacto Relationship 128 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1752 93.0
    New Zealand 16 0.8
    Papua New Guinea 20 1.1
    United Kingdom 38 2.0
    Other 16 0.8
    Others 42 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1244 69.0
    No Religion 535 29.7
    Other Religious Groups 13 0.7
    Buddhism 10 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 89 13.2
    $400-$599 128 19.0
    $600-$799 96 14.3
    $800-$999 80 11.9
    $1,000-$1,249 69 10.3
    Others 210 31.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 685 46.7
    Employed, worked full-time 425 29.0
    Employed, worked part-time 243 16.6
    Employed, away from work 74 5.0
    Unemployed, looking for work 40 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 106 14.2
    Technicians & trades workers 101 13.6
    Sales 84 11.3
    Machinery operators & drivers 83 11.2
    Labourers 140 18.8
    Others 230 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 41 10.0
    Infants/Primary 170 41.3
    Secondary 138 33.5
    Technical or Further Educational Institution 30 7.3
    University or other Tertiary Institutions 25 6.1
    Others 8 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1743 96.0
    Semi-detached, row or terrace house, townhouse 13 0.7
    Flat, unit or apartment 46 2.5
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 7 0.4
    Others 3 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 321 43.3
    Being purchased 262 35.3
    Rented 159 21.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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