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Heatherton
AREA REPORTS

Heatherton

Heatherton - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3202

house
unit

HEATHERTON, 3202 ranks 2716th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.19% for property investors.

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 $1,150,000.

The upward trend in home prices in HEATHERTON, 3202 averaged 9.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $615 mark, reflecting a 2.78% increase in returns based on the current median price in HEATHERTON.

An average of 3.67 real estate transactions take place per month in HEATHERTON which translates to 44 per annum.

44 properties were sold in HEATHERTON in 2016, making it the 225th most active market in VIC based on total real estate transactions.

HEATHERTON, 3202 places 101st in Australia based on median property value growth during the quarter.

Data report can be found below

Heatherton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,150,000 $467,000
GROWTH REPORT
Median Quarterly 8.49% -0.32%
Median 12 month 18.19% N/A
Median 3 years 27.78% N/A
Median 5 years 40.24% 12.86%
10 years average annual 6.55% -1.47%
Weekly media advert. rent $615 $420
Time on Market 29.5 days 0.0 days
Gross Rental Yield Percent 2.78% 4.68%
demographics (median values)*
Total Population
2907
Weekly Household Income
1816
Household Size
2.90
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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