Heidelberg is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3084). With a population of 7,360, the suburb has an established demographic with a median age of 39. Households earn a median income of $105K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Heidelberg is $1.4 million, having declined 4.4% over the past year. Units have a median price of $650,000 (-8.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,150.
Heidelberg is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 1127, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 23 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Heidelberg offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved -4.4% year-on-year.
Heidelberg is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3084). With a population of 7,360, the suburb has an established demographic with a median age of 39. Households earn a median income of $105K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Heidelberg is $1.4 million, having declined 4.4% over the past year. Units have a median price of $650,000 (-8.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,150.
Heidelberg is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 1127, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 23 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Heidelberg offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved -4.4% year-on-year.