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HeidelbergHeidelberg - SUBURB PROFILE REPORT
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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.
| 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% |
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