heatherton

3202, Victoria

Real Estate & Property Information

Median
Price Rank
141

heatherton Suburb Profile & Review

Heatherton is a quiet, safe suburb in Melbourne's south-east. Due to the presence of Moorabbin Airport, the area has retained many open spaces, and it is dominated by beautiful parks and golf courses. Heatherton is located on Melbourne's renowned sandbelt, and Kingston Heath Golf Club and Capital Golf Course are considered two of Australia's premier golf courses.

Young families are drawn to the area's modern estates and the proximity of the beach, which is only fifteen minutes away. A cinema complex, department stores and fitness centres are all available at nearby Westfield Southland, while DFO Moorabbin can be found along Centre Dandenong Road next to the airport. Arco Restaurant is a sophisticated Italian eatery within Heatherton itself.

Heatherton Christian College, an independent Prep to Year 12 college, is the suburb's only school. The nearest train station can be found in Cheltenham, where trains run to Flinders Street on the Frankston line in fifty minutes. Residents can also reach the inner city on the Monash Freeway in less than forty minutes.

heatherton Demographic Data

$ 632,000 Median House Price

29 Minutes Average Commute

37 Median Age

2,768 Population

48.84 % Female

51.16 % Male

725 NO OF FAMILIES

1.8 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 heatherton, Victoria.

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heatherton 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.

heatherton Median House Prices

  • 2008 $ 496,000
  • 2009 $ 575,000
  • 2010 $ 565,500
  • 2011 $ 631,250
  • 2012 $ 632,000

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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heatherton 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 heatherton 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 heatherton property price predictions.

heatherton Market Property Types

  • 87 % Seperate House
  • 6 % Semi Detached
  • 8 % 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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heatherton 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.

heatherton Income & Mortgage Stats

  • $ 1,752 Median Weekly Household Income
  • $ 2,000 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 heatherton

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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heatherton 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.

heatherton Sold Property Prices

heatherton 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.

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heatherton Restaurants

  • Arco Restaurant8 Arco Lane heatherton VIC 320203 9551 4617

heatherton Cafes

  • Arco (Moorabbin)8 Arco Laneheatherton VIC 320203 9551 4617
  • Hearty Meals193 Old Dandenong Roadheatherton VIC 320203 9551 5055

heatherton Schools

  • Kingston Heath Primary School25 Farm Roadheatherton VIC 3202(03) 9584 5805State Primary School

heatherton Childcare

  • Pelican Child Care Centre16-20 Arco Laheatherton VIC 3202

heatherton Sporting Centres and Clubs

  • Heathertonheatherton VIC 3202Football Club
  • Hellenic Moorabbinheatherton VIC 3202Soccer Club
  • Capitalheatherton VIC 3202Golf Course

heatherton Retirement Villages

  • Cavendish Mewsheatherton VIC 3202

Find out How Much your House is Worth in heatherton

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