Heathcote

POSTAL CODE: VIC, 3523
HOUSE

HEATHCOTE, 3523 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 HEATHCOTE, 3523 values up and netting property investors a capital gain of 11.74% for the past year.

Investors saw the median home price rise to $542,500.

Profits due to an upward trend in home prices in the suburb averaged 3.57% per annum over a 3-year period.

HEATHCOTE now ranks at the 8th 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 HEATHCOTE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $485 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 HEATHCOTE, homes and units usually stay on listing for an average of 111.7 days.

In 2016, 54 properties were sold in HEATHCOTE during the past year, making it the 170th most active market in VIC based on total real estate transactions.

Surburb overview

Heathcote is a regional township in central Victoria, approximately 115 kilometres north of Melbourne’s CBD and about 45 kilometres south-east of Bendigo within the City of Greater Bendigo. Established during the Victorian gold rush, the township has evolved into a well-known regional centre recognised for its premium shiraz wines, agricultural heritage and historic streetscape. Heathcote is situated on the traditional lands of the Taungurung people.

According to the 2021 Australian Bureau of Statistics Census, Heathcote had a population of 2,915 people with a median age of 53 years. Detached houses comprise the predominant housing type, with a mix of established family homes, heritage residences, newer developments and rural lifestyle properties. The township supports a diverse regional community, with viticulture, agriculture, tourism, healthcare and retail contributing significantly to the local economy.

Road access is provided via the Northern Highway, connecting Heathcote with Bendigo, Kilmore, Seymour and Melbourne. Public transport includes V/Line coach services linking the township with Bendigo, Melbourne and neighbouring regional centres, while the nearest V/Line rail services operate from Bendigo and Seymour, providing additional connections across Victoria. Private vehicles remain the principal mode of transport for residents due to the regional setting.

Heathcote provides a comprehensive range of essential services, including supermarkets, medical centres, pharmacies, primary and secondary schools, cafés, retail businesses, sporting facilities and community amenities. Additional tertiary education, government services and specialist healthcare are available in nearby Bendigo, which serves as the principal regional centre for the district.

The township offers a diverse range of recreational and cultural opportunities. Residents and visitors have access to parks, sporting reserves, walking and cycling trails. At the same time, nearby attractions include the Heathcote Wine Region, Pink Cliffs Historic Reserve, Lake Eppalock and the O'Keefe Rail Trail. The surrounding district also features cellar doors, local markets, festivals, nature reserves and heritage attractions, providing a wide range of outdoor, cultural and food-based experiences throughout the year.

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