VIC has seen average median house prices change by 4.41% which means that Heywood, 3304 has done well for property investors by showing a capital gain of -0.87% over the last year
Across a shorter period, Heywood, 3304 has seen a median price increase of -3.41% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Heywood itself are offering an average vendor discount of -12.71% to real estate investors.
With the median price for a house in Heywood being $170000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 7.65%
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.