Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $2,225,000, Annual capital growth 8.65%, Number of sales 131, Weekly median advertised rent $645

Hawthorn East Unit: Median price $591,950, Annual capital growth 4.42%, Number of sales 184, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Hawthorn East, 3123 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 24.30%.

A 92.31% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 21th in terms of best performing suburbs in VIC

The most recent median price for Hawthorn East is $2225000, with sellers offering an average of -8.05% off the asking price.

Renters in Suburb are facing rents around $7740 per annum or $645 every week.

With a capital gain of -0.51% for the last 12 months, Hawthorn East, 3123 has performed for property investments than its average annual 4.42% property growth over the last 5 years.

The five-year average increase in median property values for Hawthorn East,3123 has given property investors a potential capital gain of 8.89% across each of those five years.

Vendor discounting in Hawthorn East is giving property investors an average Vendor Discount of around -7.68%. This puts suburb at number 21th in VIC when ranking the most discounted suburbs.

With the median price for a house in Hawthorn East being $591950 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.51%

Metrics i HOUSE UNIT
$2,225,000 $591,950
12.09% -0.51%
24.30% -0.51%
8.65% 4.42%
$645 $400
131 184
1.51% 3.51%
61.42 79.83

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 13101
Median household income ($/weekly) 1832
Median age of persons 33
Median housing loan repayment ($/monthly) 2392
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1325 10.1
    25-34 years 2773 21.2
    35-44 years 1807 13.8
    45-54 years 1592 12.2
    55-64 years 1322 10.1
    Others 4283 32.7
    Age Group
    Census Count Percent(%)
    Not Married 4592 46.5
    Registered Married 4332 43.8
    Defacto Relationship 956 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8639 70.4
    Croatia 381 3.1
    Indonesia 490 4.0
    United Kingdom 480 3.9
    Other 526 4.3
    Others 1760 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 364 3.1
    Christianity 6517 55.6
    Hinduism 414 3.5
    Judaism 355 3.0
    No Religion 3844 32.8
    Others 225 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 516 11.3
    $2,000-$2,499 353 7.7
    $2,500-$2,999 666 14.5
    $3,000-$3,499 406 8.9
    $4,000 or more 479 10.5
    Others 2161 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4670 45.0
    Not in the labour force 2873 27.7
    Employed, worked part-time 2134 20.6
    Employed, away from work 380 3.7
    Unemployed, looking for work 325 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1220 17.0
    Professionals 2940 40.9
    Community & personal service workers 528 7.4
    Clerical & administrative workers 947 13.2
    Sales 613 8.5
    Others 934 13.0
    Occupation
    Census Count Percent(%)
    Pre-school 245 7.2
    Infants/Primary 888 26.0
    Secondary 702 20.6
    Technical or Further Educational Institution 221 6.5
    University or other Tertiary Institutions 1246 36.5
    Others 113 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6242 52.0
    Flat, unit or apartment 3603 30.0
    Semi-detached, row or terrace house, townhouse 2109 17.6
    House or flat attached to a shop, office 53 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1964 39.3
    Fully owned 1643 32.9
    Being purchased 1375 27.5
    Other tenure type 16 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals