Heyfield is a smaller suburb in Victoria within the Wellington local government area (postcode 3858). With a population of 2,050, the suburb has a mature demographic with a median age of 47. Households earn a median income of $52K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Heyfield is $335,000, having dropped significantly 14.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,088.
Heyfield is served by 2 schools, including 2 primary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Heyfield offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($335K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -14.1% year-on-year.
Heyfield is a smaller suburb in Victoria within the Wellington local government area (postcode 3858). With a population of 2,050, the suburb has a mature demographic with a median age of 47. Households earn a median income of $52K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Heyfield is $335,000, having dropped significantly 14.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,088.
Heyfield is served by 2 schools, including 2 primary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Heyfield offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($335K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -14.1% year-on-year.