VIC/
Heathmont

Suburb Profile

Heathmont - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3135

house
unit

Property investments in HEATHMONT fare well against the rest of the country last year, registering a median home price increase of 15.16%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, 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 $420 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 42.4 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 $892,500.

HEATHMONT ranks 469th on the list of best yielding suburbs for rental properties in VIC, posting a 2.45% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $892,500 $637,750
GROWTH REPORT
Median Quarterly 3.78% N/A
Median 12 month 15.16% 14.91%
Median 3 years 44.18% 31.29%
Median 5 years 74.15% 54.05%
10 years average annual 10.25% 7.63%
Weekly media advert. rent $420 $362.5
Time on Market 42.4 days 24.6 days
Gross Rental Yield Percent 2.45% 2.96%
demographics (median values)
Total Population
8447
Weekly Household Income
1116
Household Size
2.60
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