Heidelberg Heights is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3081). With a population of 6,758, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $94K 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 Heights is $960,000, having declined 4% over the past year. Units have a median price of $735,000 (-1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Public transport access includes 40 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Heidelberg Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($960K/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -4.0% year-on-year.
Heidelberg Heights is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3081). With a population of 6,758, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $94K 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 Heights is $960,000, having declined 4% over the past year. Units have a median price of $735,000 (-1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Public transport access includes 40 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Heidelberg Heights offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($960K/$875K). The price-to-income ratio of 10.2x is considered stretched. House prices have moved -4.0% year-on-year.