REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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HighettHighett - SUBURB PROFILE REPORT
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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 $1,572,500.
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.
| 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% |
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