Suburb Profile Report for Hamlyn Heights VIC (3215)

Hamlyn Heights House: Median price $545,000, Annual capital growth 5.64%, Number of sales 98, Weekly median advertised rent $380

Hamlyn Heights Unit: Median price $463,000, Annual capital growth 6.40%, Number of sales 36, Weekly median advertised rent $350

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

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

  • House Report
  • Unit Report

Investment property in Hamlyn Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

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.

Hamlyn Heights3215 is located in VIC which offers an average discount of -6.14% to property investors. Hamlyn Heights itself is showing figures that indicate -6.65% is the average achievable by property buyers investing in the suburb.

Situated 65.46km from the CBD, Hamlyn Heights is one of Greater Geelong (C) localities in the postcode 3215.

With a capital gain of 8.75% for the last 12 months, Hamlyn Heights, 3215 has performed for property investments than its average annual 6.40% property growth over the last 5 years.

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.

At number 59 in a list of fastest selling suburbs, Hamlyn Heights is in the TOP 10% of suburbs in Australia with an average of days on market 39.0714 for properties listed there.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.40%, investors should hope to achieve an overall return of 3.93%

Metrics i HOUSE UNIT
$545,000 $463,000
1.87% -1.49%
0.00% 8.75%
5.64% 6.40%
$380 $350
98 36
3.63% 3.93%
60.2181818181818 39.0714285714286

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

DSR Score for property investment : Good (H), Very 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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