Hamlyn Heights is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 6,518, the suburb has an established demographic with a median age of 38. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Hamlyn Heights is $697,000, having declined 6.5% over the past year. Units have a median price of $558,000 (+8.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,733.
Hamlyn Heights is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 33 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Hamlyn Heights offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($697K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -6.5% year-on-year.
Hamlyn Heights is a mid-sized suburb in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 6,518, the suburb has an established demographic with a median age of 38. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Hamlyn Heights is $697,000, having declined 6.5% over the past year. Units have a median price of $558,000 (+8.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,733.
Hamlyn Heights is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 33 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Hamlyn Heights offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($697K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -6.5% year-on-year.