Giving property investors a a poor capital gain of -28.69% for the last year, Hawthorn, 3122 is the 4260th highest performer in Australia in this respect.
Hawthorn,3122 has offered an average of -28.69% return per annum in house price rises to property investors over the last three years.
Hawthorn3122 is located in VIC which offers an average discount of -5.61% to property investors. Hawthorn itself is showing figures that indicate -7.52% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 15.08 sales per month, which equates to 181 per year.
Using the current median advertised rental of $690 and the average annual increase in value of a median property of 3.98%, investors should hope to achieve an overall return of 2.13%
Giving property investors a an average capital gain of -0.88% for the last year, Hawthorn, 3122 is the 870th highest performer in Australia in this respect.
Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Hawthorn itself are offering an average vendor discount of -6.10% to real estate investors.
On average over the past year, suburb has had 23.25 sales per month, which equates to 279 per year.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 3.70%, investors should hope to achieve an overall return of 3.94%
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
Information supplied by:
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.