Investment property in Heidelberg has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.46%
Over the longer term, Heidelberg has seen property prices show investors a 48.42% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Heidelberg, 3084. Typically our figures indicate that -1.86% is being offered, which puts this VIC suburb at 3721th most discounted overall in Australia.
With the median price for a house in Heidelberg being $1247500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 1.92%
If you compare the increase in value of investment property in Heidelberg, 3084 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 10.91%.
When looking at the potential capital gains offered to property investors over the last 3 years, Heidelberg comes in at number 195th in VIC.
Property buyers and investors in Heidelberg 3084 should be seeing an average reduction in asking price of around -4.37% . This means that Heidelberg is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.