AREA REPORTS

Herne Hill

Suburb Profile

Herne Hill - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3218

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unit

A 23.15% increase in median property prices in HERNE HILL, 3218 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 54th.

A steady increase in median property prices over a five-year period in the suburb translates to a 50.73% 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 $540,000

The augmented property values in the suburb are trailing above the territorial average of 8.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $347.5.

Home owners selling their properties and realtors in HERNE HILL usually have to wait an average of 57.9 days days before their assets are lifted off the market.

The VIC suburb ranks 256th on the list of best yielding suburbs for rental properties in VIC, posting a 3.35% return.

It also places places 176th 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 $540,000 $253,750
GROWTH REPORT
Median Quarterly 3.2% -7.73%
Median 12 month 23.15% 3.57%
Median 3 years 50.73% 12.78%
Median 5 years 56.75% 22.29%
10 years average annual 8.05% 5.41%
Weekly media advert. rent $347.5 $230
Time on Market 57.9 days 54.6 days
Gross Rental Yield Percent 3.35% 4.71%
demographics (median values)
Total Population
3268
Weekly Household Income
711.6
Household Size
2.10
demographics
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