Suburb Profile Report for Heidelberg VIC (3084)

Heidelberg House: Median price $1,020,000, Annual capital growth 6.15%, Number of sales 42, Weekly median advertised rent $500

Heidelberg Unit: Median price $607,500, Annual capital growth 4.60%, Number of sales 41, Weekly median advertised rent $425

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

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

  • House Report
  • Unit Report

At number 3609th in the list of Australian suburbs ordered by increase in median house value over the last year, Heidelberg, 3084 is in the BOTTOM 20% with a property value increase of -12.82% recorded in median house prices.

Heidelberg,3084 has offered an average of -12.82% return per annum in house price rises to property investors over the last three years.

Heidelberg3084 is located in VIC which offers an average discount of -6.82% to property investors. Heidelberg itself is showing figures that indicate -8.32% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Heidelberg the average time real estate has been on the market is 73.5 days.

Advertised rents are around the $500 mark per week – giving a return of 2.55% based on the median price in Suburb

With a capital gain of 11.47% for the last 12 months, Heidelberg, 3084 has performed for property investments than its average annual 4.60% property growth over the last 5 years.

While Heidelberg,3084 ranked number 212th in VIC for increase in median house value (annualised) increase, it is ranked 237th over the last 5 years.

Our latest figures would indicate that property sellers in Heidelberg are currently offering property investors an average price cut of -4.81% below the asking price at the moment.

Often selling an investment property can take time, and in Heidelberg the average time real estate has been on the market is 54.6957 days.

With the median price for a house in Heidelberg being $607500 and the advertised rent reaching $425 the gross rental yield for property investors calculates out to be 3.64%

Metrics i HOUSE UNIT
$1,020,000 $607,500
-5.56% -1.06%
-12.82% 11.47%
6.15% 4.60%
$500 $425
42 41
2.55% 3.64%
73.5 54.6956521739131

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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 5712
Median household income ($/weekly) 1462
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 584 10.2
    25-34 years 1007 17.6
    35-44 years 856 15.0
    45-54 years 724 12.7
    55-64 years 566 9.9
    Others 1976 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 2107 48.8
    Not Married 1816 42.0
    Defacto Relationship 396 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3951 72.5
    Croatia 140 2.6
    Indonesia 151 2.8
    United Kingdom 200 3.7
    Other 253 4.6
    Others 752 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 117 2.2
    Christianity 3321 63.4
    Hinduism 85 1.6
    Islam 107 2.0
    No Religion 1572 30.0
    Others 36 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 180 8.7
    $1,250-$1,499 167 8.1
    $1,500-$1,999 235 11.3
    $2,000-$2,499 203 9.8
    $2,500-$2,999 266 12.8
    Others 1023 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1850 41.1
    Not in the labour force 1470 32.6
    Employed, worked part-time 879 19.5
    Employed, away from work 164 3.6
    Unemployed, looking for work 141 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 364 12.6
    Professionals 1119 38.7
    Technicians & trades workers 278 9.6
    Community & personal service workers 230 8.0
    Clerical & administrative workers 428 14.8
    Others 474 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 89 6.6
    Infants/Primary 406 30.0
    Secondary 314 23.2
    Technical or Further Educational Institution 115 8.5
    University or other Tertiary Institutions 379 28.0
    Others 52 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3447 64.6
    Flat, unit or apartment 1166 21.9
    Semi-detached, row or terrace house, townhouse 720 13.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 783 35.1
    Rented 778 34.9
    Being purchased 659 29.5
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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