Heatherton (postcode 3202) is a compact suburb in Victoria within the Kingston (Vic.) local government area. It is home to about 2,826 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $109K per year, with an average household size of 2.8 people. 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 healthcare and retail trade. The top ancestries reported are Australian, English, Chinese.
Median house prices in Heatherton stand at $1.1 million, having fallen by 4.3% over the last twelve months. Units have a median price of $319,000 (-21.6% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.8%. 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.
Looking at the investment signals, Gross rental yield sits at around 2.8% (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.