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Hamlyn Heights
AREA REPORTS

Hamlyn Heights

Hamlyn Heights - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3215

house
unit

Property investments in HAMLYN HEIGHTS did not fare well against the rest of the country last year, registering a median home price decrease of 28.29%.

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 $420 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 25.2 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 $721,000.

HAMLYN HEIGHTS ranks 269th on the list of best yielding suburbs for rental properties in VIC, posting a 3.03% return.

Data report can be found below

Hamlyn Heights
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $721,000 $529,500
GROWTH REPORT
Median Quarterly 6.73% -0.09%
Median 12 month 28.29% 4.85%
Median 3 years 33.77% 25.33%
Median 5 years 73.73% 64%
10 years average annual 7.94% 7.53%
Weekly media advert. rent $420 $395
Time on Market 25.2 days 31.5 days
Gross Rental Yield Percent 3.03% 3.88%
demographics (median values)*
Total Population
20616
Weekly Household Income
1141
Household Size
2.40
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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