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Heywood

POSTAL CODE: VIC, 3304
HOUSE

HEYWOOD, 3304 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling HEYWOOD, 3304 values up and netting property investors a capital gain of 7.69% for the past year.

Investors saw the median home price rise to $350,000.

Profits due to an upward trend in home prices in the suburb averaged 0.48% per annum over a 3-year period.

HEYWOOD now ranks at the 148th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HEYWOOD, homes and units usually stay on listing for an average of 77.4 days.

In 2016, 28 properties were sold in HEYWOOD during the past year, making it the 375th most active market in VIC based on total real estate transactions.

Surburb overview

Heywood is a regional township in south-west Victoria, located about 27 kilometres north of Portland and approximately 350 kilometres west of Melbourne.

The town sits within the Glenelg Shire and had a population of 1,939 at the 2021 Census.

Heywood functions as a service centre for surrounding agricultural communities and supports industries including forestry, timber processing, grazing and regional services.

Positioned along the Princes Highway, the town provides an important transport link between Portland, Mount Gambier and other centres across western Victoria and south-eastern South Australia.

Commercial activity is centred around the main township area, where residents have access to supermarkets, cafes, medical services, schools and community facilities.

Heywood also supports sporting clubs, recreation reserves and local events that contribute to community life across the district.

Public transport connections include regional coach services linking the town with Portland, Warrnambool and Melbourne, although most residents rely on private vehicles for daily travel and commuting.

The surrounding landscape features forests, volcanic plains and farming country characteristic of Victoria’s far south-west region.

Nearby outdoor recreation opportunities include fishing, bushwalking, camping, and boating on rivers and in forests and coastal reserves.

The town is within driving distance of Budj Bim National Park and Lower Glenelg National Park, both of which offer nature-based tourism and cultural heritage experiences.

Heywood also provides access to the Great South West Walk, a long-distance walking trail extending through forests, river systems and coastal landscapes around the Glenelg region.

Housing in Heywood includes established family homes, newer residential developments, and rural lifestyle properties situated on larger allotments on the outskirts of the township.

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