Banyule · 3084
Heidelberg, VIC
$6.1bn pipeline incl. North East Link — Bulleen, listings tightening 7.0% YoY.
NextSuburb scoreTier B
64Strong
Median house
$1.29M
5y growth
5.8%/yr
Gross yield
1.6%
Vacancy
1.3%
Stable entry pointMedium confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)5.8%/yr58/100
- Population growth+7.8% (5y)78/100
- Supply tightening-7.0% YoY85/100
- Rental yield1.6%32/100
- Rental demand1.3% vacancy68/100
- Income growth+17.0% (5y)68/100
- Construction pipeline$6.1bn nearby100/100
- Affordability14% under cap14/100
Why this score
Heidelberg scores 64/100 (Strong). The two strongest signals: $6.1bn of nearby construction and 7.8% population growth over five years. The standout watch-out: gross yield of 1.6% leaves modest cashflow.
Drivers
- Infrastructure pipeline$6.1bn nearby
- Supply tightening-7.0% YoY
- Population growth+7.8% (5y)
- Income growth+17.0% (5y)
Risks
- Thin gross yield (1.6%)
Nearest infrastructure
North East Link — Bulleen2.0 km away
Construction · $16.5bn · completion 2028
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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