VIC/
Highton

Suburb Profile

Highton - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3216

house
unit

Property investments in HIGHTON did not fare well against the rest of the country last year, registering a median home price decrease of 15.52%.

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 HIGHTON, 3216 saw average growth in the long term.

Real estate investors could earn a rental income of $380 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 51.3 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 $606,500.

HIGHTON ranks 333rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.26% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $606,500 $335,000
GROWTH REPORT
Median Quarterly 1.42% 7.17%
Median 12 month 15.52% 1.06%
Median 3 years 21.3% 7.2%
Median 5 years 35.68% 10.74%
10 years average annual 6.15% 3.86%
Weekly media advert. rent $380 $300
Time on Market 51.3 days 48.9 days
Gross Rental Yield Percent 3.26% 4.66%
demographics (median values)
Total Population
14491
Weekly Household Income
1113
Household Size
2.60
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