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Highton, VIC 3216

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 Highton, VIC 3216 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Highton, VIC 3216”

  1. The total adult population (15 years or older) of Highton 3216 VIC is 16,820, with a median age of 39. Of those, 52.80% are married, 9.25% are divorced or separated, 33.58% are single and 4.39% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,132. The median monthly mortgage repayment for households in this suburb is $2,000 which is 19.74% of their earnings.

    Source: ABS Census Data (2021)

  2. The metropolitan suburb of Highton, Postcode 3216, situated in the state of Victoria is recognised for its crowd of 9407 households. As Q3 in 2023 unfolds, the conventional pricing for houses in Highton is estimated at an average of $938,384. These properties garner a median weekly rent of $488, which in turn provides a yield of 2.7%.

    From a socio-economic viewpoint, Highton portrays robust characteristics with an IRSAD score of 1067 out of the potential 1217. This score sheds light on the area’s affluent societal and economic benefits, with its residents enjoying considerable access to financial resources and a plethora of skilled professional opportunities.

    Examining the renter to owner ratio, which sits at a favourable 21%, it can be inferred that the market is not over-saturated with rental properties. This is beneficial for potential and existing investors, preventing the possibility of weakened returns due to high competition or market risk.

    In relation to Highton’s property typologies, the suburb presents an impressive low ratio of units to houses at 11%. With this in mind, the area generally witnesses less competition among landlords for tenancy, boosting the opportunity to maintain high rental yields. Markets housing fewer units and more houses traditionally attract more families, leading to lengthier tenancy periods and increased stability for real estate investors.

    Nevertheless, the affordability index of 36 years for houses indicates the long expected timeframe to fully own a home in Highton, suggesting potentially higher financial strain for its residents.

    Turning our focus to the indicators of supply, Highton reports a low stock on market Percentage for houses at 0.17%, suggesting limited choices for potential buyers. Further strengthening this sentiment, the suburb presents a low inventory level of just 0.57 months, reflecting its attractiveness and how quickly properties are snapped up in this market.

    While the Building Approval Ratio for houses in Highton is modestly low at 0.44%, it signals a restrained increase in new property supply, which can be favourable for maintaining property values. However, with a slightly above-average days on market score of 41 for houses, it suggests a tempered demand and slightly longer timeframes to secure a sale.

    In terms of vacancy, Highton’s combined rates for houses and units settle at 2.49%. Sitting within the neutral range, this signifies a balance in the availability of rental properties and demand from renters. Lastly, the buy search index for houses places itself at 4, suggesting average traffic in online property search competition, reflecting neutral demand trends from potential buyers.

    In conclusion, while Highton showcases a few less than ideal metrics, the majority of its indicators present as favourable for property investors. As with any market, keeping up-to-date with the evolving trends is pivotal for informed real estate decisions. Utilising beneficial tools such as the RCS by HtAG Analytics, which monitors over 80 metrics, can significantly aid this process.

    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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