At number 792th in the list of Australian suburbs ordered by increase in median house value over the last year, Heathcote, 3523 is in the top 20% with a property value increase of 10.81% recorded in median house prices.
Over the longer term, Heathcote has seen property prices show investors a 28.42% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Heathcote is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 201th in terms of most discounted suburbs in VIC
Residents and property investors in Heathcote have been waiting around 72.2 days to sell a property.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 8.05%, investors should hope to achieve an overall return of 5.37%