Hawthorn is in the TOP 20% in VIC when comparing median price capital growth over the last year. Hawthorn gave property investors a very good capital gain figure when compared to the rest of the state, with 19.43%.
Comparing Hawthorn,3122 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 55th of VIC’s most discounted properties, Hawthorn is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Hawthorn the average time real estate has been on the market is 54.21 days.
Giving property investors a an unimpressive capital gain of -3.67% for the last year, Hawthorn, 3122 is the 1348th highest performer in Australia in this respect.
Hawthorn,3122 was ranked 1433 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Hawthorn itself are offering an average vendor discount of -6.67% to real estate investors.
A $387.5 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 3.40%.
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.