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Heidelberg, VIC 3084

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Heidelberg, VIC 3084 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Heidelberg, VIC 3084”

  1. The total adult population (15 years or older) of Heidelberg 3084 VIC is 6,132, with a median age of 39. Of those, 43.30% are married, 11.71% are divorced or separated, 39.73% are single and 5.20% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,640. The median monthly mortgage repayment for households in this suburb is $2,150 which is 20.21% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the established suburb of Heidelberg is home to approximately 4064 households. As of the 3rd quarter in 2023, typical house prices were reported to settle at a robust figure of $1,406,554. These houses were also seen to draw a median weekly rent of $513, summing up an indicative yield of 1.9%. A modest yield but lies under the target for cashflow-focussed property investors.

    The socio-economic standing of Heidelberg is strong, with an IRSAD score of 1085 out of 1217, suggesting that inhabitants fall into higher income brackets and are well-placed occupationally. However, the renter to owner ratio sits at a significant 41%, indicating a higher proportion of renters. Although this indicates high rental demand, it may also reflect a degree of risk for property investors due to heightened competition.

    The units to houses ratio in Heidelberg is 47%, slightly lower than the cautious figure of 50%. This suggests that whilst there’s rental competition, it is relatively balanced between house and unit renters.

    Heidelberg’s affordability index is marked at 52 years which surpasses the typical mortgage term of 30 years. This indicates increased difficulty for residents to own property within this timeframe. However, the relative unaffordability can indicate potential for significant capital growth for property investors.

    When looking at supply indicators, houses in Heidelberg are in exceedingly short supply. The recorded stock on market Percentage for houses is a meagre 0.06%, far below the neutral range, whilst an extremely low inventory level of 0.26 months suggests that new house listings are absorbed quickly. The building approvals Ratio is at 0.57%, showing low but reasonable growth in housing stock.

    Regarding demand, houses in this suburb only last 24 days on the market, signifying a highly favourable quick turnaround time. The comparable vacancy rate is a mere 0.96%—favorably low, signifying high demand and low vacancy risk. The buy search index for houses stands at 4, landing solidly in the neutral range.

    In essence, Heidelberg presents an appealing balance between supply and demand metrics, with a slight edge towards higher demand. Although some figures, such as the renter to owner ratio and affordability index, venture into less favourable ranges, the majority of metrics point towards Heidelberg as an intriguing investment opportunity.

    Please consider using tools such as the RCS (Relative Composite Score) metric developed by HtAG Analytics to navigate the complexity of the property market. RCS uses over 80 metrics to streamline your research process, setting a smooth path to ideal investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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