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Hillside
AREA REPORTS

Hillside

Hillside - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3037

house
unit

Property investors have seen a 0.69% gain in HILLSIDE based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains HILLSIDE, 3037 saw average growth in the long term.

The VIC suburb 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 $730,000

Profits averaged 4.39% per annum over a 3-year period, due to an upward trend in home prices in HILLSIDE, 3037.

This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

The gross rental yield in HILLSIDE, 3037 is 2.99%.

An average of 18.42 real estate transactions take place per month in HILLSIDE which translates to 221 per annum.

Data report can be found below

Hillside
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $730,000 $493,000
GROWTH REPORT
Median Quarterly 0.69% -1.1%
Median 12 month 5.8% 0.2%
Median 3 years 13.18% 4.89%
Median 5 years 39.05% 31.03%
10 years average annual 6.07% 4.54%
Weekly media advert. rent $420 $360
Time on Market 36.8 days 33.0 days
Gross Rental Yield Percent 2.99% 3.8%
demographics (median values)*
Total Population
14414
Weekly Household Income
1293
Household Size
3.30
Age
29
Monthly Loan Repayment
1400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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