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Heidelberg

POSTAL CODE: VIC, 3084
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Property investors have seen a 3.5% gain in HEIDELBERG based on an increase 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 $1,480,000

Profits averaged 1.33% 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 $595 based on current median home prices for the suburb.

The gross rental yield in HEIDELBERG, 3084 is 2.09%.

An average of 4.83 real estate transactions take place per month in HEIDELBERG which translates to 58 per annum.

Surburb overview

Heidelberg, located approximately 11 kilometres northeast of Melbourne's Central Business District, is a suburb of Banyule, Victoria. As of the 2021 census, it had 7,360 residents.

Historically, Heidelberg was a significant town on Melbourne's outskirts before being absorbed into the city's expansion after World War II. The suburb is named after the Heidelberg School, an Australian impressionist art movement that developed in the area in the late 19th century.

The main commercial area is centred around Burgundy Street, offering a variety of shops, cafes, and essential services. Heidelberg is also home to the Austin Hospital, a central tertiary health facility that dominates the suburb's skyline.

Public transportation is well-developed. Heidelberg railway station on the Hurstbridge line provides Melbourne's city centre access. Several bus routes also service the area, enhancing connectivity to neighbouring suburbs.

Recreational opportunities are abundant, with the Warringal Parklands offering green spaces for outdoor activities. The suburb also has a strong sporting culture, with clubs such as the Heidelberg Football Club and Heidelberg United Soccer Club competing in local leagues.

Heidelberg offers a range of housing options. The suburb is known for its mix of period homes and modern developments, catering to diverse preferences.

Heidelberg combines historical significance, accessible amenities, and green spaces, contributing to its appeal as a residential suburb in Melbourne's northeastern corridor.

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