Suburb Profile Report for Highton VIC (3216)

Highton House: Median price $665,000, Annual capital growth 6.51%, Number of sales 290, Weekly median advertised rent $430

Highton Unit: Median price $420,000, Annual capital growth 5.86%, Number of sales 51, Weekly median advertised rent $320

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

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

  • House Report
  • Unit Report

Property value increases in Highton have tracked close to the VIC average of -1.79% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Highton comes in at number 224th in VIC.

Property investors looking for a bargain in Highton should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.

Highton is 359th on a list of best yielding suburbs for rents in VIC with a 3.36% return

With a capital gain of 23.53% for the last 12 months, Highton, 3216 has performed for property investments than its average annual 5.86% 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 Highton has increased when compared to the 5 year average annual rate.

At number 161th of VIC’s most discounted properties, Highton is in the TOP 40% of the state/territory when listing in order of most discounted to least.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 3.96%, without taking into account capital value appreciation, which has been averaging out at 5.86%.

Metrics i HOUSE UNIT
$665,000 $420,000
-1.63% 1.45%
-1.48% 23.53%
6.51% 5.86%
$430 $320
290 51
3.36% 3.96%
54.0759493670886 60.1458333333333

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

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Highton VIC
Demographics
Total population 16656
Median household income ($/weekly) 1379
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2134 12.8
    25-34 years 1707 10.2
    35-44 years 2142 12.9
    45-54 years 2446 14.7
    55-64 years 2086 12.5
    Others 6142 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 7074 56.5
    Not Married 4695 37.5
    Defacto Relationship 742 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 13248 82.2
    Croatia 191 1.2
    Indonesia 187 1.2
    United Kingdom 863 5.4
    Other 390 2.4
    Others 1235 7.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 169 1.1
    Christianity 11017 71.3
    Hinduism 124 0.8
    Islam 208 1.3
    No Religion 3827 24.8
    Others 105 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 560 10.1
    $800-$999 502 9.0
    $1,500-$1,999 716 12.9
    $2,000-$2,499 560 10.1
    $2,500-$2,999 557 10.0
    Others 2671 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4762 36.0
    Not in the labour force 4650 35.1
    Employed, worked part-time 2996 22.6
    Employed, away from work 457 3.5
    Unemployed, looking for work 375 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1065 13.0
    Professionals 2241 27.3
    Technicians & trades workers 1000 12.2
    Clerical & administrative workers 1123 13.7
    Sales 996 12.1
    Others 1785 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 290 6.6
    Infants/Primary 1404 31.9
    Secondary 1187 27.0
    Technical or Further Educational Institution 345 7.8
    University or other Tertiary Institutions 1058 24.0
    Others 118 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14264 90.9
    Flat, unit or apartment 1177 7.5
    Semi-detached, row or terrace house, townhouse 242 1.5
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2556 42.3
    Being purchased 2225 36.9
    Rented 1235 20.5
    Other tenure type 20 0.3
    Tenure Type
Census 2011, ABS
Chart Table