Hillside

POSTAL CODE: VIC, 3037

HOUSE

UNIT

Property investors have seen a 1.5% 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 $829,250

Profits averaged 3% 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 $550 based on current median home prices for the suburb.

The gross rental yield in HILLSIDE, 3037 is 3.45%.

An average of 14.33 real estate transactions take place per month in HILLSIDE which translates to 172 per annum.

Property investments in HILLSIDE did not fare well against the rest of the country last year, registering a median home price decrease of 5.75%.

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

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

This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In HILLSIDE, homes and units usually stay on listing for an average of 47.2 days.

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 $597,500

Investors saw the median home price rise to $597,500.

HILLSIDE ranks 312th on the list of best yielding suburbs for rental properties in VIC, posting a 4% return.

Surburb overview

Hillside, located approximately 24 kilometres northwest of Melbourne's Central Business District, is a suburb that spans the Cities of Brimbank and Melton. According to the 2021 census, it has a population of 17,331 residents.

The suburb is predominantly residential, featuring various housing styles, including modern developments and established homes. The median property price for a house is currently $785,000, with an annual capital growth rate of 4.67%. Rental yields for houses are around 3.46%, with a median weekly rent of $520.

Public transportation in Hillside includes several bus routes connecting to neighbouring suburbs and train stations. The nearest train station is Watergardens, providing access to Melbourne's rail network.

Essential amenities are accessible, with local shopping centres like the Watergardens Town Centre offering supermarkets, retail stores, and dining options. The area also has several schools, including Parkwood Green Primary School and Cana Catholic Primary School.

Several parks and reserves within the suburb offer recreational opportunities. Hillside Recreation Reserve features playgrounds, sports fields, and walking paths for various outdoor activities. The suburb is also home to sports clubs, including the Sydenham Hillside Football Club, which competes in the Essendon District Football League.

Hillside offers a suburban lifestyle with access to essential services and recreational facilities, making it a notable suburb within Melbourne's metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$829,250	$597,500
Growth Report
Median Quarterly	1.5%	3.91%
Median 12 month	6.04%	5.75%
Median 3 years	9.26%	10.85%
Median 5 years	18.46%	21.44%
10 years average annual	5.55%	4.93%
Weekly media advert. rent	$550	$460
Time on Market	46.8 days	47.2 days
Gross Rental Yield Percent	3.45%	4%

Demographics (Median Values)*

Total Population 457

Weekly Household Income 1013

Household Size 2.80

Average Age 40

Monthly Loan Repayment 1040

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

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