AREA REPORTS

Highett

 

 

VIC/
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 $1,225,000.

The upward trend in home prices in HIGHETT, 3190 averaged 9.2% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 2.33% 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 688th most active market in VIC based on total real estate transactions.

HIGHETT, 3190 places 574th 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 $1,225,000 $590,000
GROWTH REPORT
Median Quarterly -5.77% -1.83%
Median 12 month -5.95% -1.67%
Median 3 years 27.6% -0.84%
Median 5 years 65.88% 13.46%
10 years average annual 7.5% 3.74%
Weekly media advert. rent $550 $450
Time on Market 45.1 days 59.9 days
Gross Rental Yield Percent 2.33% 3.97%
demographics (median values)
Total Population
9398
Weekly Household Income
1059
Household Size
2.40
demographics
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