Heathcote is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3523). With a population of 2,962, the suburb has an older demographic with a median age of 57. Households earn a median income of $49K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Heathcote is $503,000, having increased 3.6% over the past year. Units have a median price of $358,000 (+10% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,291.
Heathcote is served by 2 schools, including 2 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 10 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Heathcote offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($503K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +3.6% year-on-year.
Heathcote is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3523). With a population of 2,962, the suburb has an older demographic with a median age of 57. Households earn a median income of $49K per year, with an average household size of 2 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Heathcote is $503,000, having increased 3.6% over the past year. Units have a median price of $358,000 (+10% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,291.
Heathcote is served by 2 schools, including 2 primary. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 10 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Heathcote offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($503K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +3.6% year-on-year.