Heathmont

POSTAL CODE: VIC, 3135
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Property investments in HEATHMONT fare well against the rest of the country last year, registering a median home price increase of 8.21%.

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

Based on its average 5-year and quarterly capital gains HEATHMONT, 3135 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 31.3 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,120,000.

HEATHMONT ranks 414th on the list of best yielding suburbs for rental properties in VIC, posting a 3.02% return.

Surburb overview

Heathmont is a suburb of Maroondah, approximately 26 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 9,933.

The suburb is known for its leafy streets and family-friendly atmosphere. Heathmont offers a variety of parks and recreational facilities, including:

- H.E. Parker Reserve: A public park featuring sports facilities and open green spaces.
- Dandenong Creek Trail: A shared-use path for cyclists and pedestrians that follows Dandenong Creek through the suburb, providing scenic routes for outdoor activities.

The suburb is well-served by shopping centres, with a respectable town centre that covers most of your basic needs: grocery stores, banks, and a handful of restaurants.

Regarding transportation, Heathmont is serviced by several bus lines, providing connections to neighbouring suburbs and train stations. However, having a car is beneficial for getting around the suburb and accessing amenities.

Educational facilities in Heathmont include Heathmont College, a co-educational government secondary college located between Waters Grove, Marlborough Road, and Hardy Crescent.

In terms of housing, Heathmont offers a mix of renovated traditional-style homes and brand-new apartments catering to diverse lifestyle needs.

Heathmont harmoniously combines residential living, essential services, and recreational opportunities, making it an attractive suburb for families and individuals seeking a balanced lifestyle.

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