heidelberg heights

3081, Victoria

Real Estate & Property Information

Median
Price Rank
218

heidelberg heights Suburb Profile & Review

Heidelberg Heights can be found Melbourne's north-east, between Heidelberg West and Heidelberg. Easy access to the Eastern Freeway allows residents to reach the inner city in approximately twenty-five minutes. Public transport is available from Heidelberg Station, where trains run to Flinders Street on the Hurstbridge line.

Austin Health and Mercy Health are both major local employers. Tertiary students benefit from the proximity of La Trobe University's Bundoora campus and NMIT's Heidelberg campus. For young children, Haig Street Primary School has a small but diverse study body.

Northland on Murray Road is a large shopping centre boasting multiple supermarkets, retail stores, takeaway restaurants and a Hoyts cinema complex. In Heidelberg Heights itself, Shelley Park has play equipment and a sports oval for football and cricket.

heidelberg heights Demographic Data

$ 535,000 Median House Price

26 Minutes Average Commute

36 Median Age

6,388 Population

51.36 % Female

48.64 % Male

1599 NO OF FAMILIES

1.7 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 heidelberg heights, Victoria.

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heidelberg heights 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.

heidelberg heights Median House Prices

  • 2008 $ 388,000
  • 2009 $ 401,000
  • 2010 $ 467,500
  • 2011 $ 556,000
  • 2012 $ 535,000

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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heidelberg heights 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 heidelberg heights 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 heidelberg heights property price predictions.

heidelberg heights Market Property Types

  • 69 % Seperate House
  • 15 % Semi Detached
  • 16 % 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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heidelberg heights 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.

heidelberg heights Income & Mortgage Stats

  • $ 1,145 Median Weekly Household Income
  • $ 1,900 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 heidelberg heights

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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heidelberg heights 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.

heidelberg heights Sold Property Prices

heidelberg heights 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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heidelberg heights Restaurants

  • Thai on Southern23 Southern Rdheidelberg heights VIC 308103 9455 3555
  • Jakkree Thai Cuisine231 Waiora Roadheidelberg heights VIC 308103 9458 3030
  • Jade Kingdom233 Waiora Rdheidelberg heights VIC 308103 9458 3188

heidelberg heights Cafes

  • Purple Fig Cafe98/98 Bell Streetheidelberg heights VIC 308103 9459 4548
  • Jam and Cream Cafe Shop 3, 1 Orr Streetheidelberg heights VIC 308103 9457 3356

heidelberg heights Childcare

  • Children's Wonderland Nursery & Preschool8 Sackville Stheidelberg heights VIC 3081
  • St. Hellier Street Child Day Care95 St. Hellier Streetheidelberg heights VIC 3081
  • Waterdale CCC502 Waterdale Rdheidelberg heights VIC 3081

heidelberg heights Retirement Villages

  • Clevedon Terraceheidelberg heights VIC 3081

Find out How Much your House is Worth in heidelberg heights

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