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Heidelberg Heights, VIC 3081
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$945,000
market range $825K-$1M
Median Unit
$745,000
market range $625K-$800K
Gross Yield (houses)
3.3%
1yr Growth (houses)
+10.3%
market range -12.5% to +10.0%
Investment snapshot for Heidelberg Heights
Heidelberg Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Heidelberg Heights market and investor summary
In Heidelberg Heights, VIC 3081, the median house sells for around $945K, on a gross rental yield of 3.3% for houses. House prices have moved +10.3% over the past year and -2.5% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in Heidelberg Heights: people, income and schools
Heidelberg Heights has a resident population of roughly 6,758, and the area has been growing steadily, up about 11% over five years. At a median age of 35, it reads as broadly working-age, and families account for 63% of households.
The typical household income runs to around $94,000 a year (about $1,820 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 10.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 43% over five years, which tends to underpin what local buyers can pay.
Families have 63 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Heidelberg Heights sits about 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 64 for walkability and 21 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 6,758
- +11% over 5yr
- Median age
- 35 years
- Median household income
- $94,000/yr
- Households renting
- 42%
- Family households
- 63%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 63
- avg ICSEA 1056
- Unemployment
- 8.0%
- Distance to CBD
- 11 km
- Walk score
- 64/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Heidelberg Heights
View all →Frequently asked questions about Heidelberg Heights
What should I check before investing in Heidelberg Heights?
Heidelberg Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +10.3% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Heidelberg Heights?
The median property price in Heidelberg Heights, VIC 3081 is $945K for houses and $745K for units.
What rental yield does Heidelberg Heights show?
The gross rental yield in Heidelberg Heights is 3.3% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Heidelberg Heights?
House prices in Heidelberg Heights are up 10.3% over the past year and down 2.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Heidelberg Heights?
The current vacancy rate in Heidelberg Heights is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Heidelberg Heights?
Heidelberg Heights has a population of approximately 6,758 residents, with a median age of 35.
What schools are near Heidelberg Heights?
There are 63 schools within roughly 5km of Heidelberg Heights. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Heidelberg Heights affordable to buy in?
A median house in Heidelberg Heights costs about 10.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Heidelberg Heights's population growing?
The population of Heidelberg Heights has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Heidelberg Heights from the CBD?
Heidelberg Heights is about 11 km from the CBD.
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