Heatherton is a smaller suburb in Victoria within the Kingston (Vic.) local government area (postcode 3202). With a population of 2,826, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Heatherton is $1.1 million, having declined 4.3% over the past year. Units have a median price of $319,000 (-21.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,224.
Public transport access includes 30 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Heatherton offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved -4.3% year-on-year.
Heatherton is a smaller suburb in Victoria within the Kingston (Vic.) local government area (postcode 3202). With a population of 2,826, the suburb has an established demographic with a median age of 41. Households earn a median income of $109K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Heatherton is $1.1 million, having declined 4.3% over the past year. Units have a median price of $319,000 (-21.6% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,224.
Public transport access includes 30 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Heatherton offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 10.1x is considered stretched. House prices have moved -4.3% year-on-year.