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Heidelberg Heights
AREA REPORTS

Heidelberg Heights

Heidelberg Heights - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3081

house
unit

Property investors enjoyed capital gains of 24.84% 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 25.71% 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 $420 based on current median home prices for the suburb.

On average, rents on listings have reached the $420 mark, reflecting a 2.18% increase in returns based on the current median price in HEIDELBERG HEIGHTS.

HEIDELBERG HEIGHTS, 3081 ranks 182nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 466th on the list of best yielding suburbs for rental properties in VIC, posting a 2.18% return.

Data report can be found below

Heidelberg Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,002,500 $685,000
GROWTH REPORT
Median Quarterly 1.47% 3.01%
Median 12 month 24.84% 5.38%
Median 3 years 25.71% 22.32%
Median 5 years 39.4% 54.8%
10 years average annual 7.44% 5.44%
Weekly media advert. rent $420 $450
Time on Market 43.4 days 44.9 days
Gross Rental Yield Percent 2.18% 3.42%
demographics (median values)*
Total Population
13424
Weekly Household Income
1177
Household Size
2.40
Age
35
Monthly Loan Repayment
1750
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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