AREA REPORTS

Highett

Suburb Profile

Highett - FREE 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 $1,331,000.

The upward trend in home prices in HIGHETT, 3190 averaged 15.66% per annum over a 3-year period.

Average weekly rents on listings have reached the $542.5 mark, reflecting a 2.12% increase in returns based on the current median price in HIGHETT.

An average of 9.25 real estate transactions take place per month in HIGHETT which translates to 111 per annum.

111 properties were sold in HIGHETT in 2016, making it the 687th most active market in VIC based on total real estate transactions.

HIGHETT, 3190 places 434th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,331,000 $582,500
GROWTH REPORT
Median Quarterly -0.19% 2.46%
Median 12 month 4.39% 3.1%
Median 3 years 46.99% -5.28%
Median 5 years 97.19% 13.11%
10 years average annual 8.5% 3.55%
Weekly media advert. rent $542.5 $430
Time on Market 46.8 days 73.2 days
Gross Rental Yield Percent 2.12% 3.84%
demographics (median values)
Total Population
9398
Weekly Household Income
1059
Household Size
2.40
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