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Briar Hill

POSTAL CODE: VIC, 3088
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Property investors enjoyed capital gains of 6.47% 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 high, as opposed to average gains per annum over the past five years.

The suburb posted a 3.85% 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 $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.34% increase in returns based on the current median price in BRIAR HILL.

BRIAR HILL, 3088 ranks 200th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 348th on the list of best yielding suburbs for rental properties in VIC, posting a 3.34% return.

Surburb overview

Briar Hill is a suburb of the City of Banyule, located approximately 18 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has a population of 3,220.

Public transportation in Briar Hill includes bus services that connect residents to nearby train stations, such as Montmorency Station on the Hurstbridge line, facilitating access to Melbourne's CBD.

Essential establishments in Briar Hill encompass educational institutions like Briar Hill Primary School, established in 1927, and Sherbourne Primary School, which opened around 1973. The suburb features a small shopping village on Mountain View Road, offering amenities such as a hairdresser, bakery, newsagent, florist, chemist, and dining options.

Several parks and reserves provide green spaces for outdoor pursuits, supporting recreational activities. The suburb's leafy streets and community facilities contribute to a family-friendly atmosphere.

It consists of traditional brick homes, modern townhouses, and stylish apartments that characterise the housing market in Briar Hill. The median property price is approximately $981,500, and the average annual growth rate is 3.62%.

Briar Hill offers a peaceful residential environment with convenient access to essential services and recreational facilities, contributing to its appeal as a desirable suburb in Melbourne's north-east.

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