Heidelberg West is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3081). With a population of 5,252, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Heidelberg West is $797,000, having grown strongly 6.1% over the past year. Units have a median price of $598,000 (-12.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,900.
Heidelberg West is served by 1 school, including 1 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 43 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 West offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($797K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +6.1% year-on-year.
Heidelberg West is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3081). With a population of 5,252, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Heidelberg West is $797,000, having grown strongly 6.1% over the past year. Units have a median price of $598,000 (-12.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,900.
Heidelberg West is served by 1 school, including 1 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 43 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 West offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($797K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved +6.1% year-on-year.