Suburb Profile Report for Heidelberg Heights VIC (3081)

Heidelberg Heights House: Median price $800,000, Annual capital growth 6.37%, Number of sales 59, Weekly median advertised rent $420

Heidelberg Heights Unit: Median price $620,000, Annual capital growth 4.71%, Number of sales 44, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 5.96% for the last year, Heidelberg Heights, 3081 is the 962th highest performer in Australia in this respect.

Heidelberg Heights,3081 has offered an average of 5.96% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Heidelberg Heights should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Heidelberg Heights being $800000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 2.73%

Heidelberg Heights is an average performer in VIC when comparing median price capital growth over the last year. Heidelberg Heights gave property investors a good capital gain figure when compared to the rest of the state, with 8.77%.

If we look at median property appreciation over just the last three months, Heidelberg Heights has given property investors a paper return of 2.15%. This puts Suburb as 126 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Heidelberg Heights are currently offering property investors an average price cut of -3.62% below the asking price at the moment.

With the median price for a house in Heidelberg Heights being $620000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.61%

Metrics i HOUSE UNIT
$800,000 $620,000
0.69% 2.15%
5.96% 8.77%
6.37% 4.71%
$420 $430
59 44
2.73% 3.61%
67.8333333333333 66.3142857142857

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Heidelberg Heights VIC
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