Hawthorn is a large suburb in Victoria within the Boroondara local government area (postcode 3122). With a population of 22,322, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $112K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Hawthorn is $2.9 million, having dipped slightly 0.3% over the past year. Units have a median price of $580,000 (-1.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 0.8%. 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, Hawthorn offers a gross rental yield of 0.8%, rated as 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.
Hawthorn is a large suburb in Victoria within the Boroondara local government area (postcode 3122). With a population of 22,322, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $112K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Hawthorn is $2.9 million, having dipped slightly 0.3% over the past year. Units have a median price of $580,000 (-1.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 0.8%. 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, Hawthorn offers a gross rental yield of 0.8%, rated as 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.