Avondale Heights

POSTAL CODE: VIC, 3034

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 2.03% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,005,000

The augmented property values in the suburb are trailing above the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $580.

Home owners selling their properties and realtors in AVONDALE HEIGHTS usually have to wait an average of 81.3 days days before their assets are lifted off the market.

The VIC suburb ranks 419th on the list of best yielding suburbs for rental properties in VIC, posting a 3% return.

It also places places 263rd in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 3.46% over the last 12 months in AVONDALE HEIGHTS, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that AVONDALE HEIGHTS, 3034 obtained a 5.3% growth over a ten-year period. It ranks 872nd on our list of suburbs that property investors should look into.

AVONDALE HEIGHTS, 3034 has a capital gain of 3.46% for the past year, which is higher than average compared to its 5.78% growth within a five-year period.

With the median home price in AVONDALE HEIGHTS sitting at $732,500, and the average rent at $577.5, property owners could potentially earn a 4.1% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in AVONDALE HEIGHTS are high, as opposed to average gains per annum over the past five years.

AVONDALE HEIGHTS, 3034 in VIC belongs to the local government area of Moonee Valley.

Surburb overview

Avondale Heights, located approximately 11 kilometres north-west of Melbourne's Central Business District, is a suburb within the City of Moonee Valley. According to the 2021 census, it has a population of 12,388 residents.

The suburb is predominantly residential, featuring a mix of 1960s brick-veneer homes and more recent developments. The median house price is approximately $960,000, with an annual capital growth rate of 2.45%. Rental yields for houses are around 3.26%, with a median weekly rent of $550.

Public transportation in Avondale Heights includes several bus routes connecting to neighbouring suburbs and the city centre. Notably, the 406 bus route operates between Footscray and East Keilor, passing through Avondale Heights.

Essential amenities are readily accessible, with local shopping centres along Milleara Road and Canning Street. The suburb is also near Highpoint Shopping Centre, which offers many retail and dining options.

Recreational opportunities abound, with the Maribyrnong River bordering the suburb to the east, south, and west. This provides residents access to walking and cycling trails, parks, and reserves. The area is also home to several sports clubs, including the Avondale Heights Football Club, which competes in the Essendon District Football League.

Avondale Heights offers a suburban lifestyle with convenient access to urban amenities, making it a notable suburb within Melbourne's metropolitan area.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,005,000	$732,500
Growth Report
Median Quarterly	2.52%	2.45%
Median 12 month	3.08%	3.46%
Median 3 years	2.03%	1.24%
Median 5 years	21.08%	5.78%
10 years average annual	4.69%	5.3%
Weekly media advert. rent	$580	$578
Time on Market	81.3 days	N/A
Gross Rental Yield Percent	3%	4.1%

Demographics (Median Values)*

Total Population 11633

Weekly Household Income 1318

Household Size 2.70

Average Age 44

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type