Get a property report and suburb profile for any property in Hadfield

Hadfield is a quiet, residential suburb in Melbourne’s northern suburbs with tree-lined streets and a mix of mid-century brick homes, Californian bungalows and pockets of newer townhouses. The suburb has a suburban feel, with front lawns, rear gardens and neighbourhood parks that support outdoor activity and local sport. Everyday needs are met by a village-style shopping strip and community facilities, and buses, nearby train stations and easy access to major roads connect residents to larger shopping centres and the Melbourne CBD. It suits people after an established, calm streetscape close to the city.

Hadfield is a community of 6,269 people with a median age of 36. Homes are predominantly owner-occupied, with just over seven in ten dwellings owned outright or with a mortgage and 28.7% rented, and the family profile is led by couples, with couple families with children the largest group. Local council planning includes an Early Years Centre redevelopment, depot and drainage works and ongoing park and community upgrades; earlier projects refurbished the community hall and upgraded the council depot office, and local clubs have received grants for facility improvements such as LED lighting and a new water fountain.

Housing costs in Hadfield sit well above what a typical local household earned at the last Census. The median house price of $860,000 is about 10.9 times a typical local household's annual income at the last Census. Renting is also a sizeable claim on income: a house at $580 a week would take about 38.1% of a typical local household's weekly income at the last Census, and a unit at $490 a week would take about 32.2%. For renters the rent share is the most relevant figure, and for buyers the price multiple is the key measure; whether those levels feel expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House values in Hadfield climbed 7.3% over the past 12 months, a solid rise, while unit values increased 5.4%. Rents moved more modestly over the same period, up 3.6% for houses and 3.2% for units.

In plain terms, the data for Hadfield show stronger capital growth than rental growth this year, with house values the strongest performer and house rents slightly ahead of unit rents. Which of those outcomes matters most will depend on whether you prioritise capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.