Hawthorn East

POSTAL CODE: VIC, 3123

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -0.58% capital gain.

It 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 $2,580,000

The augmented property values in the suburb are trailing behind the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $750.

Home owners selling their properties and realtors in HAWTHORN EAST usually have to wait an average of 59.6 days days before their assets are lifted off the market.

The VIC suburb ranks 580th on the list of best yielding suburbs for rental properties in VIC, posting a 1.51% return.

It also places places 571st in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that HAWTHORN EAST, 3123 obtained a 1.52% growth over a ten-year period. It ranks 1751st on our list of suburbs that property investors should look into.

HAWTHORN EAST, 3123 has a capital gain of -1.66% for the past year, which is lower than average compared to its -3.7% growth within a five-year period.

With the median home price in HAWTHORN EAST sitting at $650,000, and the average rent at $560, property owners could potentially earn a 4.48% increase in gross rental yield.

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

HAWTHORN EAST, 3123 in VIC belongs to the local government area of Boroondara.

Surburb overview

Hawthorn East is a suburb located approximately 7 kilometres east of Melbourne's Central Business District. According to the 2021 Census, its population is 14,834, with a median age of 36.

The suburb is well-served by public transportation, including several tram routes such as the 70, 72, and 75 and the Auburn railway station, providing residents convenient access to Melbourne and surrounding areas.

Hawthorn East offers a variety of essential establishments, including numerous retail outlets, dining options, and healthcare facilities. The suburb is home to the head offices of major companies such as Coles and Bunnings. Shopping precincts like Auburn Village, Camberwell Junction, Camberwell Road, and Burke Road offer a range of boutique shops, cafés, gourmet eateries, and essential amenities.

Recreational activities in Hawthorn East are diverse, with several parks and green spaces available for residents. Fritsch Holzer Park is an ample open space popular for recreational activities, while Anderson Park offers panoramic views of the Melbourne CBD. Other parks of note include Cato Park and Victoria Road Reserve.

In terms of housing, the median property price for a house in Hawthorn East is approximately $2,530,000, with an annual capital growth of -1.56%. Rental yields for houses are currently around 2.10%, with a median weekly rent of $760.

Overall, Hawthorn East 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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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,580,000	$650,000
Growth Report
Median Quarterly	-0.96%	0%
Median 12 month	-3.1%	-1.66%
Median 3 years	-0.58%	-7.14%
Median 5 years	7.22%	-3.7%
10 years average annual	5.12%	1.52%
Weekly media advert. rent	$750	$560
Time on Market	59.6 days	65.8 days
Gross Rental Yield Percent	1.51%	4.48%

Demographics (Median Values)*

Total Population 14321

Weekly Household Income 1976

Household Size 2.40

Average Age 34

Monthly Loan Repayment 2358

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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