AREA REPORTS

Highton

VIC/
Highton

Suburb Profile

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

house
unit

Property investments in HIGHTON fare well against the rest of the country last year, registering a median home price increase of 10.47%.

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 $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 50.7 days.

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

Property investors perceived the median home price rise to $670,000.

HIGHTON ranks 277th on the list of best yielding suburbs for rental properties in VIC, posting a 3.26% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $670,000 $339,000
GROWTH REPORT
Median Quarterly 4.04% 0.22%
Median 12 month 10.47% 1.19%
Median 3 years 35.08% 7.62%
Median 5 years 42.55% 17.91%
10 years average annual 6.86% 3.39%
Weekly media advert. rent $420 $300
Time on Market 50.7 days 57.4 days
Gross Rental Yield Percent 3.26% 4.6%
demographics (median values)
Total Population
14491
Weekly Household Income
1113
Household Size
2.60
demographics
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