Taylors Hill

POSTAL CODE: VIC, 3037

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 2.18% 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 $927,500

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 $597.5.

Home owners selling their properties and realtors in TAYLORS HILL usually have to wait an average of 38.4 days days before their assets are lifted off the market.

The VIC suburb ranks 344th on the list of best yielding suburbs for rental properties in VIC, posting a 3.35% return.

It also places places 381st in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 3.78% over the last 12 months in TAYLORS HILL, 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 TAYLORS HILL, 3037 obtained a 7.57% growth over a ten-year period. It ranks 384th on our list of suburbs that property investors should look into.

TAYLORS HILL, 3037 has a capital gain of 3.78% for the past year, which is higher than average compared to its 13.08% growth within a five-year period.

With the median home price in TAYLORS HILL sitting at $583,750, and the average rent at $500, property owners could potentially earn a 4.45% increase in gross rental yield.

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

TAYLORS HILL, 3037 in VIC belongs to the local government area of Melton.

Surburb overview

Taylors Hill, situated approximately 22 kilometres north-west of Melbourne's Central Business District, is a suburb within the City of Melton. According to the 2021 census, it has a population of 19,539 residents.

The suburb is predominantly residential, featuring a mix of modern developments and established homes. The median property price for a house is currently $907,000, with an annual capital growth rate of 0.72%. Rental yields for houses are around 3.26%, with a median weekly rent of $560.

Public transportation in Taylors Hill includes several bus routes connecting to neighbouring suburbs and train stations. The nearest train stations are Watergardens and Keilor Plains, providing access to Melbourne's rail network.

Essential amenities are accessible, with local shopping centres such as Watervale Shopping Centre and Taylors Hill Village offering supermarkets, retail stores, and dining options. The area also has several schools, including Gilson College and Taylors Hill Primary School.

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

Taylors Hill 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	$927,500	$583,750
Growth Report
Median Quarterly	1.53%	3.78%
Median 12 month	4.01%	3.78%
Median 3 years	2.18%	1.79%
Median 5 years	23.21%	13.08%
10 years average annual	5.92%	7.57%
Weekly media advert. rent	$598	$500
Time on Market	38.4 days	N/A
Gross Rental Yield Percent	3.35%	4.45%

Demographics (Median Values)*

Total Population 51155

Weekly Household Income 1684

Household Size 3.20

Average Age 33

Monthly Loan Repayment 1733

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

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