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Heatherton suburb profile

Heatherton is a quiet, leafy south-eastern suburb tucked between Cheltenham and Dingley Village, known for its broad streets, mature trees and largely low-rise housing. The area feels residential and settled, with many long-standing family homes and increasing infill of contemporary townhouses and renovated bungalows, so the streets offer a mix of traditional character and newer builds. Residents enjoy local parkland, sports ovals and neighbourhood reserves, and there are small shopping strips nearby with larger retail and services a short drive away. Good road links and public transport options make commuting straightforward, while proximity to bayside suburbs and green space shapes a relaxed suburban lifestyle.

Heatherton property market performance

Current median dwelling price$782,500Past 3 months

Heatherton has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. The median house price is $1.15 million, up a marginal 0.5% over the last 12 months.

Eleven houses were sold over the last 3 months, and houses sold in a median of 17 days over the last 12 months. There aren't enough recent unit sales to report a reliable sale count or days on market.

The rental market in Heatherton shows house rents averaging $800 a week. Unit rents average $538 a week and rose a solid 7.6% over the last 12 months.

HousesUnits
Median price
Past 3 months
$1.15MN/A
Change in value
Past 12 months
0.5%N/A
Sold
Past 3 months
11N/A
Median days on market
Past 12 months
17N/A
Average rent
Past 12 months
$800$538
Change in rent
Past 12 months
N/A7.6%

5 year median price trend for houses and units

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Heatherton demographics

Couple families with children are the largest group, at 55.7% of families, followed by couple families without children at 27.8%. One-parent families make up 15.0% and other families 1.4%, so roughly four in five households are couples, with or without children.

The suburb is home to 2,826 people, with a median age of 41. The typical household earns $2,088 a week, about $108,600 a year.

Homes in Heatherton are mostly owner-occupied, around three in four (72.5%) combining 42.7% owned with a mortgage and 29.8% owned outright; renters account for 27.5% of dwellings.

Suburbs near Heatherton

Some popular suburbs near Heatherton include:

How does Heatherton compare to nearby suburbs?

  • Median house prices: Heatherton’s median house price is 20.9% higher than Clarinda’s.
  • Median unit prices: Heatherton’s median unit price is 8.4% lower than Clayton South’s.
  • House price growth: Over the past 12 months, house prices in Heatherton have grown 1.7% higher than in Clarinda.
  • Selling speed for houses: Properties in Heatherton are selling 54.1% faster than in Clarinda.
  • Investment considerations: In Heatherton, the rental yield for house is 26.2% 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 7.8% 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 16 real estate agents working in the suburb, but just 5 of them were responsible for 69.4% 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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