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Hillside, VIC 3037

Home » VIC Real Estate Data » Melton City, VIC » Hillside, VIC 3037

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 Hillside, VIC 3037 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 

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 “Hillside, VIC 3037”

  1. The total adult population (15 years or older) of Hillside 3037 VIC is 13,951, with a median age of 36. Of those, 51.93% are married, 9.62% are divorced or separated, 35.64% are single and 2.83% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $9,264. The median monthly mortgage repayment for households in this suburb is $1,900 which is 20.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Hillside, with the postcode 3037, is situated in Victoria and is home to approximately 5982 households. In the third quarter of the year 2023, houses in Hillside are typically priced at $766,381, and the median weekly rent stands at $437. These statistics yield an indicative return of about 2.97%, falling short of the 3% mark preferred by cashflow-focused investors but still offering a reasonable return.

    The socio-economic climate in Hillside demonstrates an IRSAD score of 1009 out of a maximum 1217. This is a positive indicator for potential investors as it portrays a strong socio-economic status associated with better housing markets, higher incomes and access to economic resources. The suburb has a healthy renter to owner ratio of 15%, well below the 30% threshold, which offers a favourable rental environment.

    In terms of property type, Hillside’s real estate landscape is dominated by houses, with units making up just 8% of the total properties. This favourable units to houses ratio supports healthy competition for tenants amongst property investors, which typically leads to longer tenancy periods and higher rental yields.

    When it comes to the affordability index, at 32 years, fully owning a property in Hillside might take slightly longer than the standard 30-year mortgage term. This figure indicates a slightly lower level of affordability amongst its resident population.

    The stock on market Percentage for houses in Hillside is registered at 0.61%, a figure that falls within the neutral range, hinting at a stable supply-demand balance in the property market. Similarly, the inventory level for houses, at 2.08 months, is within the favourable low supply range, suggesting an absorptive property market that quickly takes up new listings.

    The Building Approval Ratio for Hillside houses stands at 0.15%, indicating a low future supply of new dwellings in the market. This is a favourable situation as it will help to uphold property prices amidst demand changes.

    Houses in Hillside don’t stay on the market for long, with the average days on market standing at a short 26 days. Such a short selling period represents active demand in the area. Meanwhile, the vacancy rate, which combines houses and units, is at 2.04%, signifying a neutral demand.

    The buy search index for houses, which reflects online property interest is at 3 – a figure just on the border of limited demand. However, considering the favourable socio-economic status, rent to owner ratio and the balance of supply and demand indicated by other indicators, Hillside’s property market presents as relatively balanced and stable overall.

    Keep in mind these statistics are subject to changes, and it’s always important to monitor market trends and developments continually. An automated tool such as RCS (Relative Composite Score) developed by HtAG Analytics can prove useful in presenting a more holistic view of the market conditions, considering over 80 different metrics.

    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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