Hadfield

POSTAL CODE: VIC, 3046

HOUSE

UNIT

HADFIELD ranks 222nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 5.29% for the past year is higher than average compared to its 19.97% growth within a five-year period.

Also in HADFIELD, the median home price is sitting at $895,000, and the average rent at $550, this suggests property owners could potentially earn a 3.2% increase in gross rental yield.

Property investors have seen a 3.2% gain in HADFIELD based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.4% growth over a ten-year period. It ranks 3033rd on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in HADFIELD, 3046 translates to a 4.2% capital gain.

HADFIELD, 3046 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 $620,000.

Augmented property values in HADFIELD are trailing behind the VIC average of 2.45% for the past year.

Real estate investors could earn a rental income of $510 based on current median home prices for the suburb.

Home owners selling their properties and realtors in HADFIELD usually have to wait an average of 53.3 days days before their assets are lifted off the market.

HADFIELD ranks 224th on the list of best yielding suburbs for rental properties in VIC, posting a 4.28% return.

HADFIELD, 3046 places 340th in Australia based on median property value growth during the quarter.

Surburb overview

Hadfield, located approximately 12 kilometres north of Melbourne's Central Business District (CBD), is a suburb within the City of Merri-bek. According to the 2021 census, Hadfield has a population of 6,269 residents.

The suburb is well-served by public transportation. Fawkner railway station, situated on the Upfield line, provides train services to the area. Several bus routes within Hadfield offer connections to neighbouring suburbs and the broader Melbourne area.

Hadfield features several shopping districts, the most prominent of which are located on West Street. Other commercial areas along South Street, North Street, and East Street provide residents access to various retail and dining options.

Hadfield offers green spaces, such as the Merlynston Creek area, for recreational activities, which provides opportunities for outdoor activities and relaxation. The suburb is also home to the Hadfield Football Club, which competes in the Essendon District Football League and fosters community engagement through sports.

Overall, Hadfield presents a blend of residential living with convenient access to public transport, essential services, and recreational facilities, making it a well-rounded suburb within Melbourne's northern region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$895,000	$620,000
Growth Report
Median Quarterly	3.2%	-4.02%
Median 12 month	5.29%	2.06%
Median 3 years	2.87%	4.2%
Median 5 years	19.97%	5.08%
10 years average annual	5.4%	5.18%
Weekly media advert. rent	$550	$510
Time on Market	43 days	53.3 days
Gross Rental Yield Percent	3.2%	4.28%

Demographics (Median Values)*

Total Population 34063

Weekly Household Income 1296

Household Size 2.60

Average Age 35

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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