Thinking about buying in Heywood? Now could not be a better time, with 1255 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $327,000 with prices in this suburb ranging from $23,000 to $2,678,000. Heywood is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $180.50 |
Median Monthly Mortgage | $954.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 2.00 |
Average Age | 49.75 |
Average Income | $576.75 |
Average Cars Per Dwelling | 1.80 |
Average Properties Within 50M | 5 |
1 Bed  $250,000 |
2 Bed  $227,000 |
3 Bed  $349,000 |
4 Bed  $605,000 |
5 Bed  $1,064,000 |
6 Bed+$519,000 |
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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Heywood due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Heywood provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Heywood to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Heywood the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
6405 WOOLSTHORPE-HEYWOOD RD, HEYWOOD, VIC, 3304 | 4 | 1 | 1 | Contact Agent |
Heywood District Secondary College
Heywood Consolidated School
(While the above schools are located with the suburb of Heywood there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 12.9 | 23.1 | 50.5 | 90.9 | 4.5 | 23.8 |
Feb | 1.2 | 13.5 | 23.2 | 50.8 | 90.5 | 4.4 | 20.1 |
Mar | 1.5 | 12.2 | 21.2 | 54.0 | 91.8 | 4.2 | 15.5 |
Apr | 1.9 | 10.1 | 19 | 56.1 | 92.8 | 4.0 | 11.2 |
May | 3.2 | 8.6 | 16 | 61.6 | 93.0 | 4.5 | 8.1 |
Jun | 3.8 | 6.4 | 13.8 | 65.1 | 93.6 | 4.1 | 7.0 |
Jul | 4.4 | 6.6 | 13.3 | 64.6 | 93.0 | 5.2 | 7.1 |
Aug | 3.2 | 6.8 | 14.0 | 59.4 | 91.9 | 5.4 | 10.1 |
Sept | 2.7 | 7.7 | 16.0 | 56.1 | 92.0 | 5.4 | 14.7 |
Oct | 2.2 | 8.7 | 17.4 | 55.3 | 91.8 | 4.9 | 19.4 |
Nov | 1.6 | 10.2 | 19.0 | 56.0 | 92.4 | 4.7 | 22.6 |
Dec | 1.7 | 11.4 | 21.3 | 54 | 92.5 | 4.8 | 26.1 |
source: Australian Government Bureau of Meteorology
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