Suburb Profile Report for Heidelberg Heights VIC (3081)

Heidelberg Heights House: Median price $745,000, Annual capital growth 6.89%, Number of sales 64, Weekly median advertised rent $420

Heidelberg Heights Unit: Median price $596,000, Annual capital growth 5.97%, Number of sales 42, Weekly median advertised rent $440

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Heidelberg Heights is in the bottom 20% in VIC when comparing median price capital growth over the last year. Heidelberg Heights gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.51%.

Over the longer term, Heidelberg Heights has seen property prices show investors a 8.14% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.19% to buyers in Heidelberg Heights at the moment, which is less than average for the rest of VIC.

The VIC suburb of Heidelberg Heights, 3081 is in the Banyule (C) local government area.

Heidelberg Heights, 3081 ranked 124th in VIC when comparing growth in median property values or capital gain over the last 12 months. Heidelberg Heights is one of 2099 in our list for VIC

Heidelberg Heights,3081 has offered an average of 2.58% return per annum in house price rises to property investors over the last three years.

Heidelberg Heights3081 is located in VIC which offers an average discount of -6.31% to property investors. Heidelberg Heights itself is showing figures that indicate -3.44% is the average achievable by property buyers investing in the suburb.

In the last year 42 properties changed hands in Heidelberg Heights, which puts it as the 145th most active market in VIC when comparing the number of sales per suburb.

Heidelberg Heights, 3081’s gross rental yield is 3.84%

Metrics i HOUSE UNIT
$745,000 $596,000
0.68% 3.65%
-10.51% 2.58%
6.89% 5.97%
$420 $440
64 42
2.93% 3.84%
66.4146341463415 57.3548387096774

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6387
Median household income ($/weekly) 1145
Median age of persons 36
Median housing loan repayment ($/monthly) 1900
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 574 9.0
    25-34 years 1176 18.4
    35-44 years 922 14.4
    45-54 years 834 13.1
    55-64 years 622 9.7
    Others 2259 35.4
    Age Group
    Census Count Percent(%)
    Not Married 2476 51.5
    Registered Married 1858 38.7
    Defacto Relationship 473 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4120 68.7
    Indonesia 211 3.5
    Japan 148 2.5
    United Kingdom 198 3.3
    Other 374 6.2
    Others 948 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 189 3.3
    Christianity 3328 58.4
    Hinduism 121 2.1
    Islam 366 6.4
    No Religion 1606 28.2
    Others 90 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 256 11.3
    $1,000-$1,249 210 9.3
    $1,250-$1,499 199 8.8
    $1,500-$1,999 271 11.9
    $2,000-$2,499 200 8.8
    Others 1134 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1881 37.5
    Not in the labour force 1862 37.1
    Employed, worked part-time 902 18.0
    Employed, away from work 189 3.8
    Unemployed, looking for work 186 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 319 10.7
    Professionals 878 29.6
    Technicians & trades workers 376 12.7
    Community & personal service workers 312 10.5
    Clerical & administrative workers 411 13.8
    Others 672 22.6
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.4
    Infants/Primary 345 25.6
    Secondary 314 23.3
    Technical or Further Educational Institution 144 10.7
    University or other Tertiary Institutions 396 29.4
    Others 64 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4340 74.0
    Flat, unit or apartment 769 13.1
    Semi-detached, row or terrace house, townhouse 745 12.7
    House or flat attached to a shop, office 10 0.2
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 994 40.6
    Being purchased 726 29.7
    Fully owned 712 29.1
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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