Hamlyn Heights

POSTAL CODE: VIC, 3215

HOUSE

UNIT

Property investments in HAMLYN HEIGHTS fare well against the rest of the country last year, registering a median home price increase of 6.43%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains HAMLYN HEIGHTS, 3215 saw average growth in the long term.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 45.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $745,000.

HAMLYN HEIGHTS ranks 318th on the list of best yielding suburbs for rental properties in VIC, posting a 3.49% return.

Based on its average 5-year and quarterly capital gains HAMLYN HEIGHTS, 3215 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an downward trend in home prices in HAMLYN HEIGHTS, 3215 averaged -2.21% per annum over a 3-year period.

Average weekly rents on listings have reached the $455 mark, reflecting a 4.04% increase in returns based on the current median price in HAMLYN HEIGHTS.

An average of 3.92 real estate transactions take place per month in HAMLYN HEIGHTS which translates to 47 per annum.

47 properties were sold in HAMLYN HEIGHTS during the past year, making it the 113th most active market in VIC based on total real estate transactions.

HAMLYN HEIGHTS, 3215 places 156th 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	$745,000	$585,000
Growth Report
Median Quarterly	1.26%	2.27%
Median 12 month	6.43%	14.91%
Median 3 years	-3.25%	-6.62%
Median 5 years	33.69%	13.81%
10 years average annual	7.32%	8.16%
Weekly media advert. rent	$500	$455
Time on Market	45.6 days	98 days
Gross Rental Yield Percent	3.49%	4.04%

Demographics (Median Values)*

Total Population 20616

Weekly Household Income 1141

Household Size 2.40

Average Age 42

Monthly Loan Repayment 1421

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

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