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Briar Hill
AREA REPORTS

Briar Hill

Briar Hill - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3088

house
unit

Property investors enjoyed capital gains of 2.42% over the last 12 months in BRIAR HILL, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in BRIAR HILL are low, as opposed to average gains per annum over the past five years.

The suburb posted a 1.81% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

On average, rents on listings have reached the $470 mark, reflecting a 2.89% increase in returns based on the current median price in BRIAR HILL.

BRIAR HILL, 3088 ranks 596th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 387th on the list of best yielding suburbs for rental properties in VIC, posting a 2.89% return.

Data report can be found below

Briar Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $845,000 $640,000
GROWTH REPORT
Median Quarterly 1.81% 0%
Median 12 month 2.42% 3.23%
Median 3 years 1.81% -1.54%
Median 5 years 24.08% 12.73%
10 years average annual 4.38% 4.04%
Weekly media advert. rent $470 $405
Time on Market 41.4 days 0.0 days
Gross Rental Yield Percent 2.89% 3.29%
demographics (median values)*
Total Population
26892
Weekly Household Income
1739
Household Size
2.70
Age
40
Monthly Loan Repayment
1941
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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