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Heidelberg West, VIC 3081
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$790,000
market range $700K-$825K
Median Unit
$675,000
market range $625K-$700K
Gross Yield (houses)
3.6%
1yr Growth (houses)
-1.7%
market range -10.0% to +2.5%
Investment snapshot for Heidelberg West
Heidelberg West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Heidelberg West market and investor summary
Heidelberg West (VIC 3081) runs a median house price of $790K, with houses yielding a gross 3.6%. House prices have moved -1.7% over the past year. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.1% 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 West: people, income and schools
Heidelberg West has a resident population of roughly 5,252, and the area has been growing steadily, up about 11% over five years. The median age is 35, broadly working-age, with renters making up 54% of households.
Households here earn a median of about $65,000 a year, or roughly $1,260 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 12.1 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.
There are 73 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 92 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 5,252
- +11% over 5yr
- Median age
- 35 years
- Median household income
- $65,000/yr
- Households renting
- 54%
- Family households
- 58%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 73
- avg ICSEA 981
- Unemployment
- 8.0%
- Distance to CBD
- 11 km
- Walk score
- 68/100
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 West
View all →Frequently asked questions about Heidelberg West
What should I check before investing in Heidelberg West?
Heidelberg West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Heidelberg West?
The median property price in Heidelberg West, VIC 3081 is $790K for houses and $675K for units.
What rental yield does Heidelberg West show?
The gross rental yield in Heidelberg West is 3.6% for houses and 4.8% 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 West?
House prices in Heidelberg West are down 1.7% over the past year. 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 West?
The current vacancy rate in Heidelberg West is 1.1%. 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 West?
Heidelberg West has a population of approximately 5,252 residents, with a median age of 35.
What schools are near Heidelberg West?
There are 73 schools within roughly 5km of Heidelberg West. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Heidelberg West affordable to buy in?
A median house in Heidelberg West costs about 12.1 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 West's population growing?
The population of Heidelberg West 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 West from the CBD?
Heidelberg West is about 11 km from the CBD.
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