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.

Investors saw the median home price rise to $480,000.

Profits due to an downward trend in home prices in the suburb averaged -0.68% per annum over a 3-year period.

HEATHCOTE now ranks at the th 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 $460 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 109.6 days.

In 2016, 55 properties were sold in HEATHCOTE during the past year, making it the 166th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$480,000	N/A
Growth Report
Median Quarterly	0%	N/A
Median 12 month	-2.04%	N/A
Median 3 years	-2.04%	N/A
Median 5 years	22.45%	N/A
10 years average annual	7.66%	N/A
Weekly media advert. rent	$460	N/A
Time on Market	109.6 days	N/A
Gross Rental Yield Percent	4.98%	N/A

Demographics (Median Values)*

Total Population 3620

Weekly Household Income 809

Household Size 2.10

Average Age 55

Monthly Loan Repayment 1128

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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