Highett

POSTAL CODE: VIC, 3190
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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 $1,450,250.

The upward trend in home prices in HIGHETT, 3190 averaged 0.01% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.87% increase in returns based on the current median price in HIGHETT.

An average of 12.33 real estate transactions take place per month in HIGHETT which translates to 148 per annum.

148 properties were sold in HIGHETT in 2016, making it the 583rd most active market in VIC based on total real estate transactions.

HIGHETT, 3190 places 292nd in Australia based on median property value growth during the quarter.

Surburb overview

Highett is a suburb in Melbourne’s south-east, located about 16 kilometres from the Melbourne central business district.

The suburb sits within the City of Bayside and is bordered by Moorabbin to the north and east, Hampton East to the west and Cheltenham to the south.

Highett occupies a transitional position between residential neighbourhoods and employment precincts associated with the broader Moorabbin area.

Census data shows Highett has a moderate population with a demographic profile that includes families, professionals and older residents.

The median age is close to the Melbourne average, reflecting a mix of established households and younger residents attracted by transport access.

Housing stock is diverse, with detached houses, townhouses and an increasing number of low-rise apartments, particularly near the railway line and main roads.

Public transport access is a central feature of the suburb. Highett railway station is on the Frankston line, providing direct services to Flinders Street Station with typical travel times of around 30 minutes.

Bus routes operate along Highett Road, Nepean Highway and South Road, linking residents to neighbouring suburbs, shopping centres and employment hubs.

Local amenities are concentrated around Highett Road, which functions as the suburb’s primary commercial strip. The area includes supermarkets, cafés, specialty retailers, medical services and professional offices.

Larger retail centres, including Southland Shopping Centre, are located a short drive or bus journey away in Cheltenham.

Primary schools are located within or near the suburb, while secondary schools are available across surrounding areas.

Recreational facilities in Highett include local parks, reserves and shared paths. Sir William Fry Reserve provides sporting grounds and open space for organised and informal recreation.

Additional leisure opportunities, including beaches, golf courses and coastal walking tracks, are accessible in nearby bayside suburbs.

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