Powered by MOMENTUM MEDIA
smart property investment logo
Highett
AREA REPORTS

Highett

Highett - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3190

house
unit

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

The 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 $1,572,500.

The upward trend in home prices in HIGHETT, 3190 averaged 10.35% per annum over a 3-year period.

Average weekly rents on listings have reached the $625 mark, reflecting a 2.07% increase in returns based on the current median price in HIGHETT.

An average of 9.67 real estate transactions take place per month in HIGHETT which translates to 116 per annum.

116 properties were sold in HIGHETT in 2016, making it the 724th most active market in VIC based on total real estate transactions.

HIGHETT, 3190 places 586th in Australia based on median property value growth during the quarter.

Data report can be found below

Highett
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,572,500 $803,000
GROWTH REPORT
Median Quarterly 1.78% 3.35%
Median 12 month 20.96% 16.63%
Median 3 years 31.04% 37.97%
Median 5 years 32.03% 38.45%
10 years average annual 8.84% 4.9%
Weekly media advert. rent $625 $422.5
Time on Market 59.0 days 72.7 days
Gross Rental Yield Percent 2.07% 2.74%
demographics (median values)*
Total Population
10454
Weekly Household Income
1613
Household Size
2.40
Age
39
Monthly Loan Repayment
2100
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.