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Hurstbridge

Suburb Profile

Hurstbridge - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3099

house

A 17.31% increase in median property prices in HURSTBRIDGE, 3099 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 81st.

A steady increase in median property prices over a five-year period in the suburb translates to a 18.02% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $830,000

The augmented property values in the suburb are trailing above the territorial average of 7.64% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $495.

Home owners selling their properties and realtors in HURSTBRIDGE usually have to wait an average of 30.3 days days before their assets are lifted off the market.

The VIC suburb ranks 312th on the list of best yielding suburbs for rental properties in VIC, posting a 3.1% return.

It also places places 57th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $830,000 N/A
GROWTH REPORT
Median Quarterly 9.21% N/A
Median 12 month 17.31% N/A
Median 3 years 18.02% N/A
Median 5 years 52.25% N/A
10 years average annual 5.75% N/A
Weekly media advert. rent $495 N/A
Time on Market 30.3 days N/A
Gross Rental Yield Percent 3.1% N/A
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