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Heidelberg
AREA REPORTS

Heidelberg

Heidelberg - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3084

house
unit

Property investors have seen a 8.72% gain in HEIDELBERG based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on HEIDELBERG, 3084 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.81%.

Based on its average 5-year and quarterly capital gains HEIDELBERG, 3084 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,478,550

Profits averaged 12.73% per annum over a 3-year period, due to an upward trend in home prices in HEIDELBERG, 3084.

This means, real estate investors could earn a rental income of $525 based on current median home prices for the suburb.

The gross rental yield in HEIDELBERG, 3084 is 1.85%.

An average of 5.42 real estate transactions take place per month in HEIDELBERG which translates to 65 per annum.

Data report can be found below

Heidelberg
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,478,550 $702,000
GROWTH REPORT
Median Quarterly 8.72% -0.35%
Median 12 month 16.81% 4%
Median 3 years 38.18% 18.58%
Median 5 years 28.57% 30%
10 years average annual 7.23% 4.13%
Weekly media advert. rent $525 $400
Time on Market 53.2 days 54.2 days
Gross Rental Yield Percent 1.85% 2.96%
demographics (median values)*
Total Population
25517
Weekly Household Income
1813
Household Size
2.60
Age
41
Monthly Loan Repayment
2058
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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