Highett is a well-established suburb in Victoria within the Bayside (Vic.) local government area (postcode 3190). With a population of 12,016, the suburb has an established demographic with a median age of 40. Households earn a median income of $110K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Highett is $1.5 million, having risen modestly 0.1% over the past year. Units have a median price of $667,000 (-2% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,300.
Highett is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 3 rail stations, 49 bus stops. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Highett offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 13.2x is considered stretched. House prices have moved +0.1% year-on-year.
Highett is a well-established suburb in Victoria within the Bayside (Vic.) local government area (postcode 3190). With a population of 12,016, the suburb has an established demographic with a median age of 40. Households earn a median income of $110K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Highett is $1.5 million, having risen modestly 0.1% over the past year. Units have a median price of $667,000 (-2% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,300.
Highett is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 3 rail stations, 49 bus stops. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Highett offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 13.2x is considered stretched. House prices have moved +0.1% year-on-year.