Heathcote Property Insights - Jan 2025

Heathcote, NSW 2233: A Tranquil Suburb at Sydney's Gateway

Heathcote, nestled at the southern gateway to Sydney, offers a serene lifestyle surrounded by natural beauty. Spanning 25.2 square kilometers, it is one of the most expansive suburbs in the area, with 88.1% of its land dedicated to parks and green spaces. The population grew modestly by 0.6% from 5,977 in 2011 to 6,013 in 2016, reflecting its tightly held community.

Housing Market Trends

Heathcote’s housing market remains strong, with the median house price at $1.4 million as of November 2024. Over the past 12 months, 64 houses were sold, with prices ranging from $1.24 million at the lower quartile to $1.55 million at the upper quartile. Properties spent an average of 16 days on the market, indicating high demand. The median asking rent for houses is $795 per week, yielding a 3.4% rental return.

Unit Market Trends

The unit market in Heathcote is active, with 37 units sold in the past year. The median unit price is $905,000, with prices ranging from $765,000 to $1.14 million. Units are rented for a median of $630 per week, offering a 4.0% rental yield, making them a solid investment for those seeking rental income.

Heathcote

Land Market

The land market in Heathcote is extremely limited, with only 1 land sale recorded in the past year. This scarcity underscores the value of existing properties and limits new development opportunities in the area.

Rental Market

The rental market in Heathcote remains steady. The median rent for houses is $795 per week, representing a 4.6% annual increase, while units rent for $630 per week, with a 12.5% annual increase in rental rates. These figures indicate strong demand, particularly for rental properties in the mid-range price bracket.

Recent Market Activity

Heathcote’s property market has shown robust activity:

• 64 houses were sold over the past year, with prices ranging from $1.24 million to $1.55 million. Houses sold within an average of 16 days, reflecting strong demand.

• The unit market recorded 37 sales, with a median price of $905,000. Units typically sold in 15 days, highlighting their popularity.

• Only 1 land sale occurred, emphasizing the rarity of available land in the suburb.

This market activity highlights Heathcote’s appeal to buyers seeking a tranquil yet accessible lifestyle.

Community and Lifestyle

Heathcote is predominantly a family-oriented suburb, with 53.8% of households made up of couples with children. The predominant age group is 40-49 years, and 21.6% of households earn between $78,000 and $130,000 annually, reflecting a mix of middle-class and affluent demographics. With its proximity to national parks and green spaces, Heathcote is ideal for families and outdoor enthusiasts.

Investment Potential

Heathcote’s combination of affordable housing options, rising rental demand, and a peaceful environment make it a desirable location for both homeowners and investors. The suburb’s quick turnover for properties and strong rental yields ensure its long-term appeal.