AREA REPORTS

Heidelberg

Suburb Profile

Heidelberg - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3084

house
unit

Property investors have seen a -6.64% drop in HEIDELBERG based on a decrease in median home prices for the past three months.

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 $1,160,000

Profits averaged 7.58% 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 $500 based on current median home prices for the suburb.

The gross rental yield in HEIDELBERG, 3084 is 2.24%.

An average of 4 real estate transactions take place per month in HEIDELBERG which translates to 48 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,160,000 $585,251
GROWTH REPORT
Median Quarterly -6.64% -4.06%
Median 12 month -3.33% -2.05%
Median 3 years 22.75% 14.76%
Median 5 years 58.69% 17.05%
10 years average annual 6.69% 5.05%
Weekly media advert. rent $500 $422.5
Time on Market 57.2 days 71.5 days
Gross Rental Yield Percent 2.24% 3.75%
demographics (median values)
Total Population
5248
Weekly Household Income
1141
Household Size
2.30
demographics
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