At number 131th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorn East, 3123 is in the top 10% with a property value increase of 27.04% recorded in median house prices.
A 102.11% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 455th in terms of best performing suburbs in VIC
Property buyers and investors in Hawthorn East 3123 should be seeing an average reduction in asking price of around -15.82% . This means that Hawthorn East is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Hawthorn East being $2342500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 1.44%
Over the last year, property investments in Hawthorn East, 3123 have given investors a capital gain of 1.26%. This compares badly with the 8.22% for VIC as a whole.
Over the longer term, Hawthorn East has seen property prices show investors a 13.53% return over the last 3 years. This is worse than over the last 12 months
Hawthorn East, 3123 is offering VIC ‘s 42th 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.
On average over the past year, suburb has had 16.42 sales per month, which equates to 197 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.55%, without taking into account capital value appreciation, which has been averaging out at 3.80%.