Suburb Profile Report for Harkness VIC (3337)

Harkness House: Median price $514,000, Annual capital growth 4.77%, Number of sales 215, Weekly median advertised rent $360

Harkness Unit: Median price $363,000, Annual capital growth 4.19%, Number of sales 32, Weekly median advertised rent $310

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Harkness, 3337 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.21%

If we look at median property appreciation over just the last three months, Harkness has given property investors a paper return of 2.80%. This puts Suburb as 507 on a list of fastest fasting appreciating suburbs in VIC

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Harkness itself are offering an average vendor discount of -3.64% to real estate investors.

Often selling an investment property can take time, and in Harkness the average time real estate has been on the market is 47.6364 days.

Situated 39.54km from the CBD, Harkness is one of Melton (C) localities in the postcode 3337.

Harkness has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.40% to date .

Taking the average capital gain, or increase in median house value, Harkness,3337 has racked up an average of 1.40% over the period. This ranks it number 901th in the whole country for real estate investors looking at median house price increases.

At number 1006 in a list of fastest selling suburbs, Harkness is in the bottom 40% of suburbs in Australia with an average of days on market 71.4815 for properties listed there.

With the median price for a house in Harkness being $363000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.44%

Metrics i HOUSE UNIT
$514,000 $363,000
2.80% 2.25%
8.21% 1.40%
4.77% 4.19%
$360 $310
215 32
3.64% 4.44%
47.6363636363636 71.4814814814815

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (U), Above average (H)
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