Property value increases in Hawthorn have tracked lower than the VIC average of 8.62% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Hawthorn comes in at number 198th in VIC.
Our latest figures would indicate that property sellers in Hawthorn are currently offering property investors an average price cut of -8.10% below the asking price at the moment.
The VIC suburb of Hawthorn, 3122 is in the Boroondara local government area.
With a capital gain of -4.98% for the last 12 months, Hawthorn, 3122 has performed for property investments than its average annual 2.81% property growth over the last 5 years.
The five-year average increase in median property values for Hawthorn,3122 has given property investors a potential capital gain of 13.19% across each of those five years.
Hawthorn3122 is located in VIC which offers an average discount of -4.65% to property investors. Hawthorn itself is showing figures that indicate -5.93% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Hawthorn the average time real estate has been on the market is 74.64 days.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.94%, without taking into account capital value appreciation, which has been averaging out at 2.81%.
Hawthorn has access to some of Melbourne’s top private schools, excellent shops, fantastic public transport and beautiful green belt areas. In addition Hawthorn has easy access to freeways for weekend escapes to Victoria’s fantastic beaches and wine country.Full summary
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Besides having a reputation for an outstanding AFL team, Hawthorn has a lot to offer its residents.
This includes the fact that it’s just 6km east of Melbourne’s CBD.
Transport options are also fantastic, with a range of train,tram and bus opportunities.
Hawthorn has become known for its diversity of cafes and restaurants.
There are also great shopping options on Glenferrie Road, and it is close to some of Melbourne’s best schools.
Additionally, the local economy benefits from the suburb’s abundance of young professionals.
According to the mostrecent ABS Census, the median age is just 33 and the average weekly household income is $2,101 ($867 above the Australian average).
There are modern two-bedroom apartments on Denham Street that are close to sought-after amenities such as Hawthorn Station, Hawthorn West Primary School, St James Park, restaurants and shops.
They are also close to Swinburne University of Technology and the Glenferrie Road shops.
Selling points: Melbourne’s top private schools, shops, access to public transport and fantastic green belt areas. In addition access to freeways for weekend escapes to Victoria’s fantastic beaches and wine country.
Local transport: Excellent transport links covering all forms of public transport including bus, train & tram & an extensive network of family friendly bike paths.
Main arteries: M1, City link allowing access to both east and west coast beach side areas and access to Victoria’s wine country.