Get a property report and suburb profile for any property in Heidelberg Heights

Heidelberg Heights mixes mid-century weatherboard and brick homes with pockets of newer infill, and has a small cluster of local shops beside parkland and sporting reserves.

Couples with children are the largest family group, at 39.0% of families, and most homes are owner-occupied alongside a sizeable renting population. Local shops and community facilities cover everyday needs, there are walking trails and oval space in the nearby parkland and sporting reserves, and the suburb has good access to arterial roads and public transport including nearby Hurstbridge line stations while Heidelberg's larger retail and health services are easily reachable. The Shelley Park pavilion redevelopment is included in the council budget with funding allocated and has progressed through a design tender to deliver a new pavilion and clubrooms for local sporting clubs.

At the current median house price of $924,000, buying in Heidelberg Heights works out to about 9.8 times a typical local annual household income, using a weekly median household income of $1,817 from the most recent Census. On those figures, buying a house sits well above what a typical local household earned.

Rents look less stretched by comparison: a house renting for $665 a week would take about 37% of that weekly household income, a sizeable share, while a unit at $520 a week would take about 29%, a moderate share. For someone choosing between renting and buying, renting—especially renting a unit—looks less stretched against local incomes than buying does.

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

Both house and unit markets in Heidelberg Heights posted solid value gains over the past 12 months: median house values rose 7.4% while median unit values climbed 8.3%. Rents moved more modestly, with house rents increasing 3.9% and unit rents rising 3.0%. That means capital growth outpaced rental income for both property types here, with unit values rising slightly faster than house values and house rents edging up a bit more than unit rents.

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.