This property is Off Market
With an average age of 30, households expect an average monthly mortgage payment of $1,717 or a weekly rent payment of $376. The average family earns a weekly income of $2,325 with a typical household size of 1.7 and a 94.76% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Hawthorn East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Hawthorn East classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Hawthorn East necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 5%)
Hawthorn East a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
79 / 100
52 / 100
Industry
43 / 100
17 / 100
Population
29 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
54 / 100
34 / 100
Incidents Trend State Average
Carey Baptist Grammar School
Kew, VIC, 3101 Independent Prep-12
SEDA College (Victoria)
Hawthorn East, VIC, 3123 Independent 11-12
Camberwell Girls Grammar School
Canterbury, VIC, 3126 Independent Prep-12
Camberwell Primary School
Camberwell, VIC, 3124 State Prep-6
St Joseph's School
Hawthorn, VIC, 3122 Independent Prep-6
Preshil, The Margaret Lyttle Memorial School
Kew, VIC, 3101 Independent Prep-12
Methodist Ladies' College
Kew, VIC, 3101 Independent Prep-12
Auburn Primary School
Hawthorn East, VIC, 3123 State Prep-6
Swinburne Senior Secondary College
Hawthorn, VIC, 3122 State 11-12
Glenferrie Primary School
Hawthorn, VIC, 3122 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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