hillside

3037, Victoria

Real Estate & Property Information

Median
Price Rank
351

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

4378 NO OF FAMILIES

2.0 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 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.

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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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