Heath Hill, VIC 3981
Heath Hill, VIC 3981 recent property activity
Activity in Heath Hill, VIC 3981 was very light over the last 12 months: two houses sold.
Beyond that, the clearest read on Heath Hill is the most recent Census — the resident profile below.
Who lives hereA mortgage-belt, family-oriented suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Heath Hill demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.
InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Heath Hill?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Heath Hill
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Heath Hill
Incomes, employment, and the occupation mix of the people who live here.
A typical household earns about 1.7× the typical individual here.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Heath Hill
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Heath Hill
No school inside Heath Hill itself — the closest options around it are shown. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- No schools within 5 km — widen the radius.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Heath Hill median house price & rent
Headline price, rent, yield and time on market for Heath Hill — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Heath Hill property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Heath Hill
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Heath Hill against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Heath Hill in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
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Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
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Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Heath Hill — Units & Houses, all bedrooms
Heath Hill median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Heath Hill rose from $675k (Jul 2021) to $718k (Jun 2026) — +6.4% growth over five years — peaking at $1.10M between Oct 2021 and Sep 2022.
Suburbs near Heath Hill: prices compared
The nearest suburbs to Heath Hill, ranked by distance — each lined up against Heath Hill on the same measures, so the differences jump out at a glance.
Frequently asked · Heath Hill
18 data-driven answers about Heath Hill's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Heath Hill?
#The median house price in Heath Hill, VIC 3981 is $773k as of June 2026. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
How much is a 3 bedroom house in Heath Hill?
#As of June 2026, Heath Hill medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | — | $773k | $773k | $773k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Heath Hill's property market trends?
#Heath Hill's property market trends to June 2026: house prices rose +0.5% year-on-year; homes now sell in a median 168 days — slower than a year ago by 55; sales supply sits at 5.7 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Heath Hill market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Heath Hill as an investment?
#As of June 2026 in Heath Hill, house prices rose +0.5% over the year, houses take a median 168 days to sell, sales supply is 5.7 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Heath Hill?
#Houses in Heath Hill sell in a median 168 days on market as of June 2026. Days on market have lengthened by 55 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Heath Hill a tight or loose property market right now?
#Heath Hill's sales market sits at 5.7 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.
Have property prices in Heath Hill gone up or down?
#House prices in Heath Hill moved +0.5% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How it compares
Vs state, vs nearby, vs popularHow does Heath Hill compare to other VIC suburbs?
#Heath Hill's median house price ($773k) is 66% above the VIC median ($466k) as of June 2026. On selling speed, houses clear in 168 days vs 26 days state median.
What's the most popular property type in Heath Hill?
#The most-transacted segment in Heath Hill over the 12 months to June 2026 is 3 bed houses with 1 sale. 4 bed houses come second at 1 sale. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Heath Hill last year?
#Heath Hill recorded 1 house sale and 0 unit sales over the 12 months to June 2026 — a combined 1 transaction. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Heath Hill in?
#Heath Hill is in postcode 3981, in the South East Melbourne region of VIC. Addresses there are written as Heath Hill, VIC 3981.
What is the population of Heath Hill?
#Heath Hill, VIC 3981 is home to 151 residents (ABS Census 2021). The median resident age is 30, and the average household holds 2.2 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Heath Hill?
#The median household in Heath Hill earns $983 per week — roughly $51k a year (ABS Census 2021). Median personal income runs $580/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Heath Hill?
#The unemployment rate in Heath Hill is 50.0% (ABS Census 2021). The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Heath Hill?
#Heath Hill is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Heath Hill?
#Heath Hill has 24 schools within reach — including Ripplebrook Primary School, Nyora Primary School, Poowong Consolidated School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Heath Hill a good place to live?
#Heath Hill, VIC 3981 has a population of 151, a median age of 30, a median household income around $983/week, 50% of households renting (ABS Census 2021). There are 24 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Heath Hill market data last updated?
#This Heath Hill market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.