Hurstbridge

POSTAL CODE: VIC, 3099
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 3.77% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $990,000

The augmented property values in the suburb are trailing above the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $590.

Home owners selling their properties and realtors in HURSTBRIDGE usually have to wait an average of 32.6 days days before their assets are lifted off the market.

The VIC suburb ranks 396th on the list of best yielding suburbs for rental properties in VIC, posting a 3.1% return.

It also places places 577th in Australia based on median property value growth during the quarter.

Surburb overview

Hurstbridge is a suburb located approximately 28 kilometres north-east of Melbourne's Central Business District, within the Shire of Nillumbik.

According to the 2021 census, Hurstbridge has 3,554 residents. The median age is 40, indicating a mature community. Households in Hurstbridge consist of an average of 2.8 people, and the median weekly income is $2,168.

Public transportation in Hurstbridge is facilitated by the Hurstbridge railway station, which provides regular train services to and from Melbourne's Central Business District. This connectivity supports commuting to the city and neighbouring suburbs.

Essential establishments in Hurstbridge include the Hurstbridge Primary School, which caters to the educational needs of young children. The suburb also offers a variety of small businesses and artisan shops for residents and visitors.

Facilities such as the Hurstbridge Football Club, which plays in the Northern Football League, and the Hurstbridge Cricket Club, which participates in the Diamond Valley Cricket Association, support recreational activities. The suburb's natural environment provides a tranquil setting for outdoor pursuits.

Hurstbridge's blend of rural charm and suburban amenities contributes to its unique character within Melbourne's northern suburbs.

 

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