3037, Victoria

Real Estate & Property Information

Price Rank

hillside Suburb Profile & Review

Hillside is a developing suburb made up of multiple housing estates. Established plane trees which are remnants of the suburb's farming days give the area a more historic feel.

Calder Park Raceway, which features a dragstrip and the famous Thunderdome is just a stone's throw away. The Keilor Public Golf Course in neighbouring Keilor allows residents access to great facilities including an 18-hole course and a driving range. Organ Pipes National Park, a 300 acre area of protected native land which includes the natural geological phenomenon of the Organ Pipes, is also nearby.

While only one primary school, Parkwood Green Primary School, resides in the suburb, there are other schools in the surrounding areas. Watergardens Station is just a five minute drive away, and this allows residents an easy half hour commute into the city. It's also just a thirty minute drive into the city along the Calder and Tullamarine freeways.

hillside Demographic Data

$ 405,000 Median House Price

31 Minutes Average Commute

32 Median Age

16,326 Population

50.03 % Female

49.97 % Male




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 hillside, Victoria.

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hillside 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.

hillside Median House Prices

  • 2008 $ 306,600
  • 2009 $ 320,000
  • 2010 $ 355,000
  • 2011 $ 419,000
  • 2012 $ 405,000

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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hillside 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 hillside 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 hillside property price predictions.

hillside Market Property Types

  • 87 % Seperate House
  • 10 % Semi Detached
  • 3 % 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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hillside 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.

hillside Income & Mortgage Stats

  • $ 1,610 Median Weekly Household Income
  • $ 1,885 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 hillside

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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hillside 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.

hillside Sold Property Prices

hillside 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.

hillside Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

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?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

hillside Restaurants

  • Urban Pizza ProjectShop 10 49-69 Royal Crescent hillside VIC 303703 8390 8822
  • Sugar Gum HotelCnr Melton Hwy & Gourlay Rd hillside VIC 303703 9449 0455

hillside Cafes

  • Degani Coffee and Bakery12 Golden Wayhillside VIC 30370425 827 340

hillside Schools

  • Cana Primary School46 Banchory Avenuehillside VIC 3037(03) 8390 9200Catholic Primary School
  • Sydenham-Hillside Hillside CampusWattle Valley Drivehillside VIC 3037(03) 9361 5400State Primary School

hillside Childcare

  • ABC Learning CentreGourlay Rdhillside VIC 3037
  • Bellevue Plaza Play & Learn CCWattle Valley Drivehillside VIC 3037
  • Honeybee CCThe Parkshillside VIC 3037

hillside Kindergarten and Preschools

  • Bellevue Hill Preschool14 Royal Crescenthillside VIC 3037
  • Parkwood Green PreschoolCommunity Hubhillside VIC 3037

hillside Sporting Centres and Clubs

  • Hillsidehillside VIC 3037Football Club
  • Hillside TChillside VIC 3037Tennis Club & Courts
  • Parkwood Greenhillside VIC 3037Tennis Club & Courts

Find out How Much your House is Worth in hillside

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