Suburb Profile Report for Heidelberg Heights VIC (3081)

Heidelberg Heights House: Median price $822,000, Annual capital growth 8.40%, Number of sales 116, Weekly median advertised rent $403

Heidelberg Heights Unit: Median price $613,000, Annual capital growth 7.36%, Number of sales 49, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.63% which means that Heidelberg Heights, 3081 has done well for property investors by showing a capital gain of 13.38% over the last year

While Heidelberg Heights,3081 ranked number 371th in VIC for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.

Sellers are offering property buyers an average discount of -2.92% 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 local government area.

At number 29th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg Heights, 3081 is in the top 10% with a property value increase of 36.22% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Heidelberg Heights comes in at number 99th in VIC.

Our latest figures would indicate that property sellers in Heidelberg Heights are currently offering property investors an average price cut of -1.63% below the asking price at the moment.

Situated 10.44km from the CBD, Heidelberg Heights is one of Banyule localities in the postcode 3081.

Metrics i HOUSE UNIT
$822,000 $613,000
2.43% 5.92%
13.38% 36.22%
8.40% 7.36%
$403 $390
116 49
2.55% 3.31%
47.41 44.89

Source: CoreLogic

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
Chart Table
Recent sales & rentals