Heidelberg Heights

POSTAL CODE: VIC, 3081
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Property investors enjoyed capital gains of 1.88% over the last 12 months in HEIDELBERG HEIGHTS, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 1.06% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 3.17% increase in returns based on the current median price in HEIDELBERG HEIGHTS.

HEIDELBERG HEIGHTS, 3081 ranks 489th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 401st on the list of best yielding suburbs for rental properties in VIC, posting a 3.17% return.

Surburb overview

Heidelberg Heights is a suburb of Banyule, Victoria, located approximately 11 kilometres northeast of Melbourne's Central Business District. As of the 2021 census, it had 6,758 residents.

Heidelberg Heights is a primarily residential suburb featuring a mix of older homes and modern developments. Darebin Creek bounds it to the west, Bell Street to the south, Waterdale Road to the east, and Southern Road to the north.

Public transportation is available. Several bus routes service the area, connecting it to neighbouring suburbs and Melbourne's city centre.

In terms of housing, the median property price for houses in Heidelberg Heights is approximately $960,000, with an annual growth of -7.80%. Rental yields for houses are around 3.19%, with a median weekly rent of $600.

Heidelberg Heights offers a residential environment with accessible amenities, contributing to its appeal as a suburb in Melbourne's northeastern corridor.

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