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Heywood
AREA REPORTS

Heywood

Heywood - SUBURB PROFILE REPORT
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 13.02% for the past year.

Investors saw the median home price rise to $243,000.

Profits due to an upward trend in home prices in the suburb averaged 15.46% per annum over a 3-year period.

HEYWOOD now ranks at the 634th 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.

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 48.1 days.

In 2016, 36 properties were sold in HEYWOOD during the past year, making it the 292nd most active market in VIC based on total real estate transactions.

Data report can be found below

Heywood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $243,000 N/A
GROWTH REPORT
Median Quarterly 1.25% N/A
Median 12 month 13.02% N/A
Median 3 years 46.39% N/A
Median 5 years 42.94% N/A
10 years average annual 4.42% N/A
Weekly media advert. rent N/A N/A
Time on Market 48.1 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
2725
Weekly Household Income
1009
Household Size
2.20
Age
48
Monthly Loan Repayment
993
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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