Heywood is a small community in Victoria within the Glenelg local government area (postcode 3304). With a population of 1,815, the suburb has a mature demographic with a median age of 48. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Heywood is $330,000, having remained flat 0% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,025.
Heywood is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 898, which is well below the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Heywood offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($330K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +0.0% year-on-year.
Heywood is a small community in Victoria within the Glenelg local government area (postcode 3304). With a population of 1,815, the suburb has a mature demographic with a median age of 48. Households earn a median income of $56K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Heywood is $330,000, having remained flat 0% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,025.
Heywood is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 898, which is well below the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Heywood offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($330K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +0.0% year-on-year.