Suburb Profile Report for Harkness VIC (3337)

Harkness House: Median price $470,000, Annual capital growth 5.60%, Number of sales 204, Weekly median advertised rent $370

Harkness Unit: Median price $325,000, Annual capital growth 3.52%, Number of sales 18, Weekly median advertised rent $320

  • 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.

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 0.00% for the last year, Harkness, 3337 is the 1748th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Harkness,3337 has racked up an average of 0.00% over the period. This ranks it number 317th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Harkness is $470000, with sellers offering an average of -7.82% off the asking price.

Often selling an investment property can take time, and in Harkness the average time real estate has been on the market is 73.9832 days.

Harkness is 183th on a list of best yielding suburbs for rents in VIC with a 4.09% return

Harkness has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.41% to date .

Harkness,3337 has offered an average of -4.41% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Harkness is giving property investors an average Vendor Discount of around -7.07%. This puts suburb at number 75th in VIC when ranking the most discounted suburbs.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 3.52%, investors should hope to achieve an overall return of 5.12%

Metrics i HOUSE UNIT
$470,000 $325,000
-2.08% 0.00%
0.00% -4.41%
5.60% 3.52%
$370 $320
204 18
4.09% 5.12%
73.9832402234637 41.4666666666667

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 : Above average (H), Above average (U)
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