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Investment Property Highett, VIC, 3190

Suburb Snapshot

Highett is a suburb in the Bayside Region of Victoria. Highett has a population of 10,452 people and 25.09% of its occupants live in rental accommodation. The median listing price for houses is $1,350,000 and this has changed 3.84% over the past year and changed 0.00% over 2 years.

The median rent in Highett for houses is $725 per week and the median rental yield is 2.79%. Stock on the market for houses/townhouses has changed 43.40% compared to last year and the average time to sell a house/townhouse is 61 days.The median listing price for units is $600,000 and this has changed 0.84% over the past year. The average unit takes 107 days to sell and the median rent for a unit in Highett is $530 per week, producing a rental yield of 4.59%.

Supply & Demand in Highett, Bayside

0.81%

Current vacancy rate


51

Rental stock available


10,452

Population


25.09%

Rental population


0.78%

Current vacancy rate


385

Rental stock available


97,092

Population


20.32%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Highett, Bayside

  House Townhouses Units
Median listing price $1,350,000 $1,080,000 $600,000
Median price change - last quarter -3.71% 0.33% 1.01%
Median price change - 1 year 3.84% -0.69% 0.84%
Median price change - 2 years 0.00% 6.40% 1.69%
  House Townhouses Units
Median weekly rent $725 $850 $530
Median yield % 2.79% 4.09% 4.59%
Median rent change - 1 year 6.61% 8.97% 6.00%
  House Units
Previous month sales 15 10
Stock on market previous month 76 68
Stock variance vs. last year 43.40% -37.61%
Average days on market 61 107

Highett investment property listings

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