If you compare the increase in value of investment property in Heywood, 3304 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.42%.
Heywood,3304 has offered an average of 5.42% return per annum in house price rises to property investors over the last three years.
At number 10th of VIC’s most discounted properties, Heywood is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Information supplied by:
Heywood, VIC – The tidiest of all
Median house price: $171,500
Three-year growth: 6%
Rental yield: 7%
Situated on an elevation of the Fitzroy River and surrounded by rolling green hills is the suburb of Heywood. Its economy is supported by agriculture, the pastoral industry and timber-cutting.
Given the moniker of “the jewel in the crown that is the southwest”, Heywood is renowned for its cleanliness, for which it has won Tidy Town awards.
The suburb is also a hotbed of history, with the remains of stone huts scattered across the area as reminders of its roots as a Gunjitjmara Aboriginal settlement. Australia’s biggest rose farm is located here, and the sights along Heywood’s wood, wine and roses drive are stunning.