Mitchell Shire Council
Heathcote
Heathcote at a glance
Median house
$460,000
Median unit
$205,920
Walk score
32
Car dependent
Population
3,965
Median age 56
The brief
What to know about Heathcote.
Heathcote (3523) sits in the Mitchell region of Victoria. The median house here is $460,000, well below the Victoria median of around $850K.
Heathcote has roughly 3,965 residents, with a retiree-heavy demographic. Households are dominated by renters. Daily life is car-friendly: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Heathcote scores 32/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 30°C (warm), winter mornings around 4°C (cold). Annual rainfall lands at about 422mm. Data comes from the Bureau of Meteorology's Bendigo Airport station, 38.0km away.
Schooling within or near the suburb covers 15 government primary, 1 government secondary, 3 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Heathcote's population at 3,965, with a median age of 56. That sits as a retiree-heavy demographic.
Population
3,965
Median age
56
Family households
–
Lone person
–
Houses change hands at $460,000 on a typical sale, well below the Victoria median. Units come in around $205,920, roughly 55% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $92,000. Prices are well below the Victoria median, which keeps Heathcote on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$460,000
+0.0% over the past year. Median unit price $205,920.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$255/wk
Weekly rent (unit)
$217/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$460,000
$205,920
3,965
Median age: 56
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For investors
Investment overview.
Gross rental yield on houses sits at 2.88% (median rent $255/wk against a $460,000 price tag). Units yield 5.48% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.88%
Based on $460,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.48%
Based on $205,920 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
178
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
32
0
85
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Heathcote.
Local schools for Heathcote
View the catchment for each school to find out more.
Government School Catchment
Heathcote Primary School
Redesdale Mia Mia Primary School
Axedale Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
422 mm
Hottest Month (avg max)
29.8°C
Coldest Month (avg min)
3.7°C
Monthly Rainfall (mm)
Weather data from BOM station Bendigo Airport (38 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Heathcote.
- What is the median house price in Heathcote?
- The median house price in Heathcote, VIC 3523 is $460,000. The median unit price is $205,920. Annual growth is +0.0%.
- What is the Heathcote postcode?
- Heathcote is in the 3523 postcode, in VIC, in the Mitchell Shire Council region.
- What is the average rent in Heathcote?
- The median weekly rent for houses is $255, for units it's $217.
- What schools are in Heathcote?
- There are 20 schools serving Heathcote on this page, including Holy Rosary School, Heathcote Primary School, Redesdale Mia Mia Primary School.
- How walkable is Heathcote?
- Heathcote has a Walk Score of 32 out of 100, car-dependent for most errands. transit score 0, bike score 85.
- What suburbs are near Heathcote?
- Heathcote is close to Argyle, Costerfield, Mount Camel, Ladys Pass, Heathcote South.
- What is the population of Heathcote?
- Heathcote has approximately 3,965 residents. The median age is 56.
Heathcote
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Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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