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Hawthorn

POSTAL CODE: VIC, 3122
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.6% growth over a ten-year period. It ranks 2240th on our list of suburbs that property investors should look into.

HAWTHORN, 3122 has a capital gain of -8.03% for the past year, which is lower than average compared to its 10% growth within a five-year period.

With the median home price in HAWTHORN sitting at $2,805,000, and the average rent at $650, property owners could potentially earn a 1.2% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in HAWTHORN are low, as opposed to average gains per annum over the past five years.

HAWTHORN, 3122 in VIC belongs to the local government area of Boroondara.

Surburb overview

Hawthorn is an inner suburb located approximately 6 kilometres east of Melbourne's Central Business District. According to the 2021 Census, its population is 22,322, with a median age of 34.

The suburb is well-served by public transportation, including two railway stations: Hawthorn and Glenferrie. Additionally, several tram routes traverse the area, enhancing connectivity to Melbourne and surrounding suburbs.

Hawthorn offers essential establishments, including numerous retail outlets, dining options, and healthcare facilities. Glenferrie Road is a central shopping strip featuring supermarkets, major banks, and a range of specialty stores. The suburb is also home to the Swinburne University of Technology, which offers university and TAFE courses.

Recreational activities in Hawthorn are diverse, with several parks and green spaces available for residents. The suburb contains several public recreation areas, many of which retain layouts from the 19th century. Hawthorn is also home to various sporting clubs, including the Hawthorn Cricket Club and the Hawthorn Hockey Club.

In terms of housing, the median property price for a house in Hawthorn is approximately $2,670,000, with an annual capital growth of -1.66%. Rental yields for houses are currently around 1.87%, with a median weekly rent of $750.

Hawthorn offers a blend of residential living with access to essential services and recreational opportunities, all close to Melbourne's city centre.

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