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Heatherton suburb profile

Heatherton is a serene suburb located in Melbourne's southeast, known for its expansive green spaces and relaxed atmosphere. Situated approximately 19km from the CBD, it offers a peaceful retreat from the city's hustle and bustle. The suburb is home to the Kingston Heath Reserve and the renowned Kingston Heath Golf Club, providing ample recreational opportunities for residents. Heatherton's residential landscape is characterized by a mix of established homes and new developments, catering to families and professionals alike. With its proximity to major transport routes and shopping precincts, Heatherton combines suburban tranquility with urban convenience.

Heatherton property market performance

Current median dwelling price$773,250Past 3 months

Heatherton's property market has remained relatively stable over the past 12 months. The median house price has seen a slight increase of 0.1%, averaging $1.09 million, while unit prices have remained unchanged, reflecting limited activity in the unit market.

Sales activity has been modest, with 14 houses and just 1 unit sold in the past 12 months. Houses are selling quickly, with a median of 15 days on the market, indicating strong demand, while unit sales data is insufficient for analysis.

The rental market in Heatherton has shown some variation, with house rents remaining stable over the last 12 months, while unit rents have increased by 12.1%, suggesting a growing interest in rental units despite limited sales activity.

HousesUnits
Median price
Past 3 months
$1.13MN/A
Change in value
Past 12 months
0.4%N/A
Sold
Past 3 months
12N/A
Median days on market
Past 12 months
15N/A
Average rent
Past 12 months
$800$550
Change in rent
Past 12 months
N/A10.0%

5 year median price trend for houses and units

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Heatherton demographics

Heatherton, located in Melbourne's southeastern suburbs, offers a serene and family-friendly environment. With a population of 2,826, it is a relatively small community that provides a peaceful retreat from the hustle and bustle of city life. The median age of 41 suggests a mature population, with many residents likely to be established families and professionals who appreciate the suburb's tranquil atmosphere and proximity to essential amenities.

The suburb is characterized by a strong family presence, with 55.7% of households being couple families with children. This highlights Heatherton's appeal to families seeking a supportive community with good schools and parks. Additionally, 27.8% of households are couple families without children, indicating a balanced mix of family types. The presence of one-parent families at 15% further underscores the suburb's inclusive nature.

In terms of property ownership, Heatherton shows a healthy mix of stability and growth. A significant 29.8% of properties are owned outright, while 42.7% are owned with a mortgage, reflecting a strong sense of investment in the area. The rental market, comprising 27.5% of properties, provides options for those seeking flexibility. Overall, Heatherton's blend of family-oriented living, community spirit, and convenient access to Melbourne's urban offerings makes it an attractive choice for those seeking a balanced lifestyle.

Suburbs near Heatherton

Some popular suburbs near Heatherton include:

  • Clarinda: Known for its quiet residential streets and community parks, Clarinda is located directly north of Heatherton.
  • Clayton South: Featuring a mix of industrial and residential areas, Clayton South is situated to the northwest of Heatherton.
  • Oakleigh South: Renowned for its golf courses and family-friendly atmosphere, Oakleigh South lies to the north of Heatherton.
  • Clayton: Known for its vibrant multicultural community and proximity to Monash University, Clayton is located to the northwest of Heatherton.
  • Cheltenham: Offering a blend of shopping and recreational facilities, Cheltenham is situated to the south of Heatherton.

How does Heatherton compare to nearby suburbs?

  • Median house prices: Heatherton’s median house price is 16.6% higher than Clarinda’s.
  • Median unit prices: Heatherton’s median unit price is 8.4% lower than Clayton South’s.
  • House price growth: Property prices in nearby Clarinda have risen 4.3% more than in Heatherton over the past year.
  • Selling speed for houses: Properties in Heatherton are selling 62.5% faster than in Clarinda.
  • Investment considerations: In Heatherton, the rental yield for house is 27.0% higher than the Melbourne average, while the rental yield for units is 13.8% lower.
  • House price growth: Over the past 12 months, house prices in Heatherton have grown 7.6% higher than the average rate of growth across Melbourne.

Choose the right real estate agents in Heatherton

Choosing the right real estate agent in Heatherton can have a big impact on your sale. While there are 18 real estate agents working in the suburb, but just 5 of them were responsible for 69.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.55% to 2.61%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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