Hawthorn is a sizeable suburb in Victoria within the Boroondara local government area (postcode 3122). With a population of 22,322, the suburb has a blend of families and working-age professionals with a median age of 34. Households earn a median income of $112K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Hawthorn is $2.9 million, broadly unchanged over the past year. Units have a median price of $540,000 (-6.9% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,259.
Hawthorn is served by 8 schools, including 4 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 65 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.0% (low yield). Property prices are above the state median ($2.9M/$875K), placing it in the premium segment. The price-to-income ratio of 26.0x is considered stretched. House prices have moved -0.3% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.