Suburb Profile Report for Heyfield VIC (3858)

Heyfield House: Median price $212,500, Annual capital growth 4.63%, Number of sales 34, Weekly median advertised rent $230

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

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

  • House Report

Property investors who have had real estate in Heyfield, 3858 should be pleased 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 11.84%

Over the longer term, Heyfield has seen property prices show investors a 20.06% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Heyfield should be aiming for at least -7.74% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $230 mark per week – giving a return of 5.63% based on the median price in Suburb

Metrics i HOUSE UNIT
$212,500 N/A
-5.56% N/A
11.84% N/A
4.63% N/A
$230 N/A
34 N/A
5.63% N/A
104.590909090909 N/A

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

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 1937
Median household income ($/weekly) 749
Median age of persons 41
Median housing loan repayment ($/monthly) 975
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 258 13.3
    35-44 years 220 11.4
    45-54 years 229 11.8
    55-64 years 273 14.1
    65-74 years 191 9.9
    Others 766 39.5
    Age Group
    Census Count Percent(%)
    Registered Married 655 48.1
    Not Married 580 42.6
    Defacto Relationship 128 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1752 93.0
    New Zealand 16 0.8
    Papua New Guinea 20 1.1
    United Kingdom 38 2.0
    Other 16 0.8
    Others 42 2.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1244 69.0
    No Religion 535 29.7
    Other Religious Groups 13 0.7
    Buddhism 10 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 89 13.2
    $400-$599 128 19.0
    $600-$799 96 14.3
    $800-$999 80 11.9
    $1,000-$1,249 69 10.3
    Others 210 31.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 685 46.7
    Employed, worked full-time 425 29.0
    Employed, worked part-time 243 16.6
    Employed, away from work 74 5.0
    Unemployed, looking for work 40 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 106 14.2
    Technicians & trades workers 101 13.6
    Sales 84 11.3
    Machinery operators & drivers 83 11.2
    Labourers 140 18.8
    Others 230 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 41 10.0
    Infants/Primary 170 41.3
    Secondary 138 33.5
    Technical or Further Educational Institution 30 7.3
    University or other Tertiary Institutions 25 6.1
    Others 8 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1743 96.0
    Semi-detached, row or terrace house, townhouse 13 0.7
    Flat, unit or apartment 46 2.5
    Caravan, cabin, houseboat 4 0.2
    Improvised home, tent, sleepers out 7 0.4
    Others 3 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 321 43.3
    Being purchased 262 35.3
    Rented 159 21.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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