Buyer's Agents Hawthorn

Hawthorn offers a diverse range of properties, including:

• Victorian and Edwardian-era houses: These heritage homes are often the most expensive, typically ranging from $2.5 million to $5+ million.
• California bungalows and interwar period homes: Generally priced between $1.8 million and $3 million.
• Modern townhouses: Usually ranging from $1.2 million to $2.5 million.
• Apartments: From smaller 1-bedroom units starting around $400,000 to luxury apartments exceeding $1.5 million.

Prices vary significantly based on location, size, condition, and heritage status.

Hawthorn has shown strong and consistent growth over the past decade. As of 2024, the median house price has increased by approximately 45% over the last ten years. The market has been resilient during economic downturns, partly due to the suburb’s blue-chip status.

The future outlook remains positive, supported by continued demand for its schools, amenities, and proximity to the CBD. However, potential buyers should remember that the growth rate may moderate due to broader economic factors and affordability constraints.

Many properties in Hawthorn are subject to heritage overlays, which can significantly impact renovation and development possibilities. Key points include:

• Restrictions on exterior modifications to maintain street appearance
• Requirements to preserve certain internal features in some cases
• Need for council approval for many alterations, even minor ones
• Potential for higher maintenance costs
• Possible limitations on subdivision or development potential

Buyers should always check the specific heritage overlay requirements for a chosen property and consider engaging a heritage consultant before purchasing.

Swinburne University’s presence creates unique investment opportunities and challenges:

• High rental demand from students, particularly for apartments and shared houses
• Potential for higher rental yields compared to family homes
• Seasonal fluctuations in the rental market aligned with academic years
• Properties closer to the university may experience more wear and tear
• Some areas may have a more transient feel due to the student population

Investors should consider these factors when choosing locations within Hawthorn and deciding on their target tenant demographic.

When evaluating properties across Hawthorn, consider:

• Proximity to public transport: Properties near Hawthorn, Glenferrie, or Auburn stations often command a premium
• School zones: Check if the property falls within the zones of desirable public schools
• Local amenities: Consider the distance to shopping strips like Glenferrie Road or Auburn Village
• Traffic noise: Properties on or near main roads like Burwood Road may be less expensive but noisier
• Flooding risk: Some areas near the Yarra River may have flood overlay restrictions
• Future development: Research any planned developments that could affect the property’s value or neighbourhood character

Each area of Hawthorn has its own character and price point, so thorough research is essential to find the best match for your needs and budget.