Suburb Profile Report for Highett VIC (3190)

Highett House: Median price $1,225,000, Annual capital growth 6.51%, Number of sales 116, Weekly median advertised rent $620

Highett Unit: Median price $682,500, Annual capital growth 4.19%, Number of sales 120, Weekly median advertised rent $468

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

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

  • House Report
  • Unit Report

Highett, 3190 ranked 305th in VIC when comparing growth in median property values or capital gain over the last 12 months. Highett is one of 2099 in our list for VIC

The five-year average increase in median property values for Highett,3190 has given property investors a potential capital gain of 43.27% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Highett itself are offering an average vendor discount of -7.78% to real estate investors.

With the median price for a house in Highett being $1225000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 2.63%

If you compare the increase in value of investment property in Highett, 3190 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 17.67%.

Comparing Highett,3190 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Highett is giving property investors an average Vendor Discount of around -4.29%. This puts suburb at number 218th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $467.5 and the average annual increase in value of a median property of 4.19%, investors should hope to achieve an overall return of 3.56%

Metrics i HOUSE UNIT
$1,225,000 $682,500
4.84% 0.37%
2.51% 17.67%
6.51% 4.19%
$620 $468
116 120
2.63% 3.56%
66.6666666666667 63.4179104477612

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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 10263
Median household income ($/weekly) 1386
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1194 11.6
    25-34 years 1276 12.4
    35-44 years 1857 18.1
    45-54 years 1378 13.4
    55-64 years 1095 10.7
    Others 3463 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 3688 49.1
    Not Married 3144 41.9
    Defacto Relationship 680 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6965 71.5
    Hong Kong 206 2.1
    Papua New Guinea 214 2.2
    United Kingdom 583 6.0
    Other 565 5.8
    Others 1204 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 1.5
    Christianity 5872 63.1
    Islam 126 1.4
    Judaism 184 2.0
    No Religion 2839 30.5
    Others 151 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 359 10.1
    $600-$799 314 8.8
    $1,500-$1,999 420 11.8
    $2,000-$2,499 329 9.2
    $2,500-$2,999 398 11.1
    Others 1751 49.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3201 41.0
    Not in the labour force 2533 32.4
    Employed, worked part-time 1591 20.4
    Employed, away from work 281 3.6
    Unemployed, looking for work 210 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 749 14.8
    Professionals 1444 28.5
    Technicians & trades workers 595 11.7
    Clerical & administrative workers 787 15.5
    Sales 511 10.1
    Others 987 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 230 10.5
    Infants/Primary 815 37.2
    Secondary 541 24.7
    Technical or Further Educational Institution 184 8.4
    University or other Tertiary Institutions 362 16.5
    Others 60 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6981 73.1
    Semi-detached, row or terrace house, townhouse 1808 18.9
    Flat, unit or apartment 749 7.8
    House or flat attached to a shop, office 18 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1521 39.2
    Fully owned 1327 34.2
    Rented 1013 26.1
    Other tenure type 20 0.5
    Tenure Type
Census 2011, ABS
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