Heathcote

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 9.24% for the past year.

Investors saw the median home price rise to $372,500.

Profits due to an upward trend in home prices in the suburb averaged 12.44% per annum over a 3-year period.

HEATHCOTE now ranks at the 92nd 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 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 $315 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 132.1 days.

In 2016, 48 properties were sold in HEATHCOTE during the past year, making it the 221st most active market in VIC based on total real estate transactions.