Suburb Profile Report for Hamlyn Heights VIC (3215)

Hamlyn Heights House: Median price $540,000, Annual capital growth 7.21%, Number of sales 144, Weekly median advertised rent $360

Hamlyn Heights Unit: Median price $413,500, Annual capital growth 5.54%, Number of sales 22, Weekly median advertised rent $310

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

Hamlyn Heights has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.00% to date .

Taking the average capital gain, or increase in median house value, Hamlyn Heights,3215 has racked up an average of 8.00% over the period. This ranks it number 300th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Hamlyn Heights are currently offering property investors an average price cut of -6.53% below the asking price at the moment.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.21%, investors should hope to achieve an overall return of 3.47%

If you compare the increase in value of investment property in Hamlyn Heights, 3215 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 14.07%.

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

LACK OF BUYER INTEREST may well be the reason that Hamlyn Heights is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 151th in terms of most discounted suburbs in VIC

At number 615 in a list of fastest selling suburbs, Hamlyn Heights is just in the top half of suburbs in Australia with an average of days on market 64.11 for properties listed there.

Renters in Suburb are facing rents around $16120 per annum or $310 every week.

Metrics i HOUSE UNIT
$540,000 $413,500
2.86% 7.40%
8.00% 14.07%
7.21% 5.54%
$360 $310
144 22
3.47% 3.90%
45.74 64.11

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6074
Median household income ($/weekly) 1026
Median age of persons 40
Median housing loan repayment ($/monthly) 1473
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 681 11.2
    25-34 years 753 12.4
    35-44 years 846 13.9
    45-54 years 817 13.4
    55-64 years 647 10.7
    Others 2331 38.4
    Age Group
    Census Count Percent(%)
    Registered Married 2129 46.7
    Not Married 1998 43.8
    Defacto Relationship 431 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4770 83.2
    Greece 67 1.2
    Japan 91 1.6
    United Kingdom 194 3.4
    Other 180 3.1
    Others 433 7.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.9
    Christianity 4204 76.0
    Islam 36 0.7
    Other Religious Groups 23 0.4
    No Religion 1201 21.7
    Others 17 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 289 13.2
    $600-$799 230 10.5
    $800-$999 218 10.0
    $1,000-$1,249 209 9.6
    $1,500-$1,999 243 11.1
    Others 995 45.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1755 36.9
    Employed, worked full-time 1729 36.3
    Employed, worked part-time 928 19.5
    Employed, away from work 194 4.1
    Unemployed, looking for work 155 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 519 18.2
    Technicians & trades workers 471 16.5
    Community & personal service workers 334 11.7
    Clerical & administrative workers 403 14.2
    Sales 301 10.6
    Others 818 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 104 7.8
    Infants/Primary 439 33.1
    Secondary 372 28.1
    Technical or Further Educational Institution 145 10.9
    University or other Tertiary Institutions 219 16.5
    Others 47 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5237 92.7
    Semi-detached, row or terrace house, townhouse 220 3.9
    Flat, unit or apartment 195 3.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 996 42.7
    Being purchased 783 33.5
    Rented 545 23.4
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
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