Suburb Profile Report for Hawthorn East VIC (3123)

Hawthorn East House: Median price $1,900,000, Annual capital growth 6.63%, Number of sales 121, Weekly median advertised rent $750

Hawthorn East Unit: Median price $615,000, Annual capital growth 3.58%, Number of sales 96, Weekly median advertised rent $430

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

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Hawthorn East has done 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 -8.98%

A 53.23% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 25th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -6.28% to buyers in Hawthorn East at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $750 mark per week – giving a return of 2.05% based on the median price in Suburb

Hawthorn East is an average performer in VIC when comparing median price capital growth over the last year. Hawthorn East gave property investors a average capital gain figure when compared to the rest of the state, with -0.40%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorn East has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hawthorn East, 3123. Typically our figures indicate that -8.14% is being offered, which puts this VIC suburb at 211th most discounted overall in Australia.

On average over the past year, suburb has had 8.00 sales per month, which equates to 96 per year.

With the median price for a house in Hawthorn East being $615000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.64%

Metrics i HOUSE UNIT
$1,900,000 $615,000
10.47% 0.00%
-8.98% -0.40%
6.63% 3.58%
$750 $430
121 96
2.05% 3.64%
57.9 78.9824561403509

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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
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