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Heidelberg West, VIC 3081

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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 West, VIC 3081 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 

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Buy 

1BR

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Rent 

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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 West, VIC 3081”

  1. The total adult population (15 years or older) of Heidelberg West 3081 VIC is 4,357, with a median age of 35. Of those, 28.46% are married, 14.57% are divorced or separated, 51.82% are single and 5.07% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,728. The median monthly mortgage repayment for households in this suburb is $1,900 which is 28.24% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Heidelberg West, 3081, situated in Victoria, is home to an approximate total of 3812 households. As per Q3 figures for 2023, the common pricing for property in Heidelberg West is recorded at a substantial $760,075 with a standard weekly rental ask of $387. This pricing reveals an indicative yield of 2.65% – a touch below the ideal 3% investor yield.

    Heidelberg West’s IRSAD score is reported as a respectable 923 out of 1217. This score suggests a good socio-economic standing, indicating comparatively high incomes and well-informed professional residents. On the other hand, the renter to owner ratio is 54% which is high, indicating a less favourable market for property investment due to the potential for return gaps and stiff competition.

    Remarkably, the ratio of units to houses in Heidelberg West is a favourable 11%, signifying less competition among investors and landlords. However, potential home owners should be aware that an affordability index of 44 years is higher than average, meaning it would take an extended amount of time for an investor or resident to fully own a home based in the area.

    The area has an encouragingly low stock on market Percentage for houses at 0.27%, alongside a low inventory level at 1.09 months – which predicts strong demand and limited supply. The building approvals Ratio for houses, another important measuring stick, comes in at 1.25%, giving a balanced view of new dwellings coming onto the market.

    Demand and supply indicators in Heidelberg West may cast a favourable light on potential property investments as the average number of days on market for houses in this suburb stands at a reasonable 50. Vacancy rates register at a low 0.34%, again suggesting high demand and limited supply. The suburb also has a moderate buy search index for houses at 5, indicating ongoing interest in the area from buyers.

    As with every market, continual monitoring and understanding of these and other related measures are key in making smart property investment decisions. Heidelberg West, with its mixed bag of property market stats, requires careful consideration, and detailed local knowledge is crucial for advantageous property investments. Do also employ Relative Composite Score metrics developed by HtAG Analytics to simplify and automate this research process, using a vast array of over 80 metrics to arrive at worthwhile results.

    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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