Heatherton

POSTAL CODE: VIC, 3202

HOUSE

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 $1,101,000.

The downward trend in home prices in HEATHERTON, 3202 averaged -1.21% per annum over a 3-year period.

Average weekly rents on listings have reached the $797.5 mark, reflecting a 3.77% increase in returns based on the current median price in HEATHERTON.

An average of 2.83 real estate transactions take place per month in HEATHERTON which translates to 34 per annum.

34 properties were sold in HEATHERTON in 2016, making it the 298th most active market in VIC based on total real estate transactions.

HEATHERTON, 3202 places 504th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,101,000	N/A
Growth Report
Median Quarterly	0.09%	N/A
Median 12 month	0.09%	N/A
Median 3 years	-3.63%	N/A
Median 5 years	12.46%	N/A
10 years average annual	3.91%	N/A
Weekly media advert. rent	$798	N/A
Time on Market	25 days	N/A
Gross Rental Yield Percent	3.77%	N/A

Demographics (Median Values)*

Total Population 2907

Weekly Household Income 1816

Household Size 2.90

Average Age 39

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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