Suburb Profile Report for Heywood VIC (3304)

Heywood House: Median price $175,000, Annual capital growth 2.56%, Number of sales 29, Weekly median advertised rent $230

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

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

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If you compare the increase in value of investment property in Heywood, 3304 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.42%.

Heywood,3304 has offered an average of 5.42% return per annum in house price rises to property investors over the last three years.

At number 10th of VIC’s most discounted properties, Heywood is in the bottom 10% of the state/territory when listing in order of most discounted to least.

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Heywood, VIC – The tidiest of all

Postcode: 3304

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.

Metrics i HOUSE UNIT
$175,000 N/A
0.00% N/A
5.42% N/A
2.56% N/A
$230 N/A
29 N/A
6.83% N/A
108 N/A

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1725
Median household income ($/weekly) 771
Median age of persons 44
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 209 12.1
    35-44 years 212 12.3
    45-54 years 269 15.6
    55-64 years 244 14.1
    65-74 years 175 10.1
    Others 616 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 599 47.8
    Not Married 524 41.8
    Defacto Relationship 131 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1532 92.8
    New Zealand 16 1.0
    Papua New Guinea 37 2.2
    United Kingdom 37 2.2
    Other 9 0.5
    Others 19 1.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.4
    Christianity 1039 69.2
    Hinduism 3 0.2
    Islam 6 0.4
    No Religion 445 29.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 12.3
    $400-$599 105 16.4
    $600-$799 101 15.7
    $800-$999 58 9.0
    $1,500-$1,999 61 9.5
    Others 238 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 571 42.3
    Employed, worked full-time 442 32.7
    Employed, worked part-time 237 17.6
    Employed, away from work 55 4.1
    Unemployed, looking for work 45 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 128 17.5
    Technicians & trades workers 97 13.2
    Clerical & administrative workers 73 10.0
    Machinery operators & drivers 114 15.6
    Labourers 107 14.6
    Others 214 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 20 6.1
    Infants/Primary 137 41.8
    Secondary 113 34.5
    Technical or Further Educational Institution 38 11.6
    Other type of educational institution 11 3.4
    Others 9 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1517 96.0
    Semi-detached, row or terrace house, townhouse 54 3.4
    Caravan, cabin, houseboat 6 0.4
    House or flat attached to a shop, office 3 0.2
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 295 43.4
    Being purchased 221 32.5
    Rented 160 23.5
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
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