18 October 2017

Suburb to watch: HEIDELBERG

Source: Your Investment Property

Only 15 km north-east of Melbourne's central business district, Heidelberg is one of Melbourne's most contrasting Suburbs. 


House Report:

Giving property investors a a stable capital gain of 11.60% for the last year, Heidelberg, 3084 is the 1260th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Heidelberg comes in at number 124th in VIC.

Vendor discounting in Heidelberg is giving property investors an average Vendor Discount of around -2.64%. This puts suburb at number 567th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $5400 per annum or $450 every week

 

Unit Report:

If you compare the increase in value of investment property in Heidelberg, 3084 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.15%.

While Heidelberg,3084 ranked number 19th in VIC for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.

Our latest figures would indicate that property sellers in Heidelberg are currently offering property investors an average price cut of -2.18% below the asking price at the moment.

Residents and property investors in Heidelberg have been waiting around 67.38 days to sell a property.