At number 447th in the list of Australian suburbs ordered by increase in median house value over the last year, Heywood, 3304 is in the top 20% with a property value increase of 10.45% recorded in median house prices.
Comparing Heywood,3304 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Heywood should be aiming for at least -11.53% off the asking price, which is the average vendor discount being achieved at the moment.
Heywood is 23th on a list of best yielding suburbs for rents in VIC with a 6.75% return
Information supplied by:
Heywood, VIC – The tidiest of all
Median house price: $171,500
Three-year growth: 6%
Rental yield: 7%
Situated on an elevation of the Fitzroy River and surrounded by rolling green hills is the suburb of Heywood. Its economy is supported by agriculture, the pastoral industry and timber-cutting.
Given the moniker of “the jewel in the crown that is the southwest”, Heywood is renowned for its cleanliness, for which it has won Tidy Town awards.
The suburb is also a hotbed of history, with the remains of stone huts scattered across the area as reminders of its roots as a Gunjitjmara Aboriginal settlement. Australia’s biggest rose farm is located here, and the sights along Heywood’s wood, wine and roses drive are stunning.