Suburb Profile Report for Highton VIC (3216)

Highton House: Median price $700,000, Annual capital growth 5.56%, Number of sales 289, Weekly median advertised rent $440

Highton Unit: Median price $435,000, Annual capital growth 5.50%, Number of sales 65, Weekly median advertised rent $330

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

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

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 4.48% for the last year, Highton, 3216 is the 1350th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Highton comes in at number 257th in VIC.

Our latest figures would indicate that property sellers in Highton are currently offering property investors an average price cut of -5.39% below the asking price at the moment.

Often selling an investment property can take time, and in Highton the average time real estate has been on the market is 56.786 days.

With the median price for a house in Highton being $700000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.27%

VIC has seen average median house prices change by 7.35% which means that Highton, 3216 has done well for property investors by showing a capital gain of 3.57% over the last year

A 40.32% growth in median value for property investors in Highton,3216 puts this suburb at number 212th in terms of best performing suburbs in VIC

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Highton itself are offering an average vendor discount of -8.42% to real estate investors.

The VIC suburb of Highton, 3216 is in the Greater Geelong (C) local government area.

Metrics i HOUSE UNIT
$700,000 $435,000
1.45% 0.81%
4.48% 3.57%
5.56% 5.50%
$440 $330
289 65
3.27% 3.94%
56.7860465116279 53.6862745098039

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

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