If you compare the increase in value of investment property in Hawthorn, 3122 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -21.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Hawthorn comes in at number 516th in VIC.
The most recent median price for Hawthorn is $1825000, with sellers offering an average of -6.73% off the asking price.
Situated 6.26km from the CBD, Hawthorn is one of Boroondara (C) localities in the postcode 3122.
Hawthorn, 3122 ranked 128th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hawthorn is one of 2099 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorn has increased when compared to the 5 year average annual rate.
Hawthorn, 3122 is offering VIC ‘s 172th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
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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.