Investment property in Hawthorn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.93%
Across a shorter period, Hawthorn, 3122 has seen a median price increase of -2.66% over the last quarter.
Hawthorn, 3122 is offering VIC ‘s 28th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
On average over the past year, suburb has had 12.92 sales per month, which equates to 155 per year.
A $695 per week rent on the median house gives suburb investors a gross yield of circa 1.58%, without taking into account capital value appreciation, which has been averaging out at 7.39%.
Investment property in Hawthorn has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.22%
While Hawthorn,3122 ranked number 311th in VIC for increase in median house value (annualised) increase, it is ranked 259th over the last 5 years.
Hawthorn, 3122 is offering VIC ‘s 56th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
In the last year 350 properties changed hands in Hawthorn, which puts it as the 11th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
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.