hawthorn east

3123, Victoria

Real Estate & Property Information

Median
Price Rank
21

hawthorn east Suburb Profile & Review

Hawthorn East has a certain old-fashioned charm. Located fifteen minutes from the city, its narrow streets are full of Victorian cottages and Edwardian mansions, though there are plenty of high-rise apartment blocks as well.

Find coffee shops, cafes, restaurants and bars on Glenferrie Road and Bourke Road. Porgie and Mr Jones is a whimsical all-day breakfast cafe on Auburn Road. Head to Central Gardens for a barbeque, where the kids can climb the giant rocket in the playground. From Hawthorn, Glenferrie or Auburn Station catch a train into the city on the Belgrave/Lilydale or Alamein lines, or jump on tram 70, tram 72 or tram 75 which all run along Glenferrie Road.

Schools in the area include Alia College, Auburn Primary School and Auburn South Primary School.

hawthorn east Demographic Data

$ 1,242,500 Median House Price

17 Minutes Average Commute

33 Median Age

13,101 Population

51.55 % Female

48.45 % Male

3183 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in hawthorn east, Victoria.

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hawthorn east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

hawthorn east Median House Prices

  • 2008 $ 1,100,000
  • 2009 $ 1,007,500
  • 2010 $ 1,135,000
  • 2011 $ 1,390,000
  • 2012 $ 1,242,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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hawthorn east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in hawthorn east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term hawthorn east property price predictions.

hawthorn east Market Property Types

  • 42 % Seperate House
  • 18 % Semi Detached
  • 40 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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hawthorn east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

hawthorn east Income & Mortgage Stats

  • $ 1,832 Median Weekly Household Income
  • $ 2,392 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in hawthorn east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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hawthorn east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

hawthorn east Sold Property Prices

hawthorn east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

hawthorn east Related Local Blog Posts

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

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hawthorn east Restaurants

  • Taco Bill465 Riversdale Roadhawthorn east VIC 312303 9882 8546
  • Golden House760 Toorak Roadhawthorn east VIC 312303 9822 3100
  • Rama Thai495 Burke Roadhawthorn east VIC 312303 9822 7322

hawthorn east Schools

  • Alia College405 Tooronga RoadÊhawthorn east VIC 3123(03) 9822 9622Private School
  • Auburn Primary SchoolRathmines Roadhawthorn east VIC 3123(03) 9882 7035State Primary School

hawthorn east Childcare

  • Bialik College Early Learning Ctr429 Auburn Roadhawthorn east VIC 3123
  • Burke Rd CCC675 Burke Rdhawthorn east VIC 3123
  • Camberwell Junction ELC54-56 Harold Sthawthorn east VIC 3123

hawthorn east Kindergarten and Preschools

  • Auburn Kindergarten & CCC27 Station Streethawthorn east VIC 3123
  • Auburn South Preschoolhawthorn east VIC 3123
  • Camberwell Baptist Church Kindergarten1A Wills Sthawthorn east VIC 3123

hawthorn east Sporting Centres and Clubs

  • Hawthorn Citizens Jnr FC, Victoria Rd Reservehawthorn east VIC 3123Football Club
  • Hawthorn Easthawthorn east VIC 3123Tennis Club & Courts
  • Anderson Parkhawthorn east VIC 3123Tennis Club & Courts

Find out How Much your House is Worth in hawthorn east

Request a free market Basic Report for hawthorn east to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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