Property value increases in Hawthorn have tracked higher than the VIC average of 2.87% over the last 12 months.
Taking the average capital gain, or increase in median house value, Hawthorn,3122 has racked up an average of 23.07% over the period. This ranks it number 596th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Hawthorn itself are offering an average vendor discount of -5.58% to real estate investors.
With the median price for a house in Hawthorn being $2227500 and the advertised rent reaching $790 the gross rental yield for property investors calculates out to be 1.84%
VIC has seen average median house prices change by 6.11% which means that Hawthorn, 3122 has done well for property investors by showing a capital gain of 5.91% over the last year
The five-year average increase in median property values for Hawthorn,3122 has given property investors a potential capital gain of 4.27% across each of those five years.
Vendor discounting in Hawthorn is giving property investors an average Vendor Discount of around -5.41%. This puts suburb at number 166th in VIC when ranking the most discounted suburbs.
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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.