Heathmont is a medium-sized suburb in Victoria within the Maroondah local government area (postcode 3135). With a population of 9,933, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $111K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Heathmont is $1.0 million, having moved lower by 3.1% over the past year. Units have a median price of $738,000 (+0.3% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Heathmont is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1062, which is above the national average of 1,000. Public transport access includes 2 rail stations, 17 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
Looking at the investment signals, Heathmont shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -3.1% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.