Suburb Profile Report for Heathcote VIC (3523)

Heathcote House: Median price $280,000, Annual capital growth 6.91%, Number of sales 40, Weekly median advertised rent $300

Heathcote Unit: Median price $205,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

At number 2679th in the list of Australian suburbs ordered by increase in median house value over the last year, Heathcote, 3523 is in the BOTTOM 40% with a property value increase of 2.38% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Heathcote has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Heathcote is offering property investors an average of -5.04. This rate of discount on properties puts Suburb at number 171th in terms of most discounted suburbs in VIC

In the last year 40 properties changed hands in Heathcote, which puts it as the 478th most active market in VIC when comparing the number of sales per suburb.

Situated 101.81km from the CBD, Heathcote is one of Greater Bendigo localities in the postcode 3523.

Metrics i HOUSE UNIT
$280,000 $205,000
1.82% N/A
2.38% N/A
6.91% N/A
$300 N/A
40 11
5.57% N/A
98.53 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2775
Median household income ($/weekly) 672
Median age of persons 53
Median housing loan repayment ($/monthly) 1083
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 252 9.1
    45-54 years 417 15.0
    55-64 years 474 17.1
    65-74 years 472 17.0
    75-84 years 276 9.9
    Others 884 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 1031 48.9
    Not Married 899 42.6
    Defacto Relationship 180 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2189 86.6
    Greece 23 0.9
    Papua New Guinea 37 1.5
    United Kingdom 149 5.9
    Other 29 1.1
    Others 101 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 1.0
    Christianity 1666 68.6
    Hinduism 6 0.2
    Other Religious Groups 14 0.6
    No Religion 717 29.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 157 15.3
    $400-$599 201 19.6
    $600-$799 171 16.7
    $800-$999 121 11.8
    $1,000-$1,249 80 7.8
    Others 296 28.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1281 57.3
    Employed, worked full-time 494 22.1
    Employed, worked part-time 312 14.0
    Employed, away from work 78 3.5
    Unemployed, looking for work 70 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 15.6
    Professionals 98 11.1
    Technicians & trades workers 136 15.3
    Sales 100 11.3
    Labourers 124 14.0
    Others 290 32.7
    Occupation
    Census Count Percent(%)
    Pre-school 28 7.2
    Infants/Primary 131 33.6
    Secondary 134 34.4
    Technical or Further Educational Institution 50 12.8
    University or other Tertiary Institutions 30 7.7
    Others 17 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2331 94.1
    Flat, unit or apartment 68 2.7
    Semi-detached, row or terrace house, townhouse 34 1.4
    Caravan, cabin, houseboat 27 1.1
    House or flat attached to a shop, office 17 0.7
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 589 52.0
    Being purchased 355 31.3
    Rented 180 15.9
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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