Herne Hill

POSTAL CODE: WA, 6056
HOUSE

HERNE HILL, 6056 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 $1,175,000.

Profits due to an downward trend in home prices in the suburb averaged -2% per annum over a 3-year period.

HERNE HILL now ranks at the 499th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HERNE HILL, homes and units usually stay on listing for an average of 38.7 days.

In 2016, 19 properties were sold in HERNE HILL during the past year, making it the 348th most active market in WA based on total real estate transactions.

Surburb overview

Herne Hill is a suburb within the City of Swan, approximately 25 kilometres northeast of Perth's central business district. It is renowned for contributing to the Swan Valley wine region and has several wineries that enhance its rural charm. 

As of the 2016 Australian Census, Herne Hill had a population of 1,499, reflecting a 4.8% decrease from 1,575 in 2011. The predominant age group is 60-69 years, with households primarily composed of couples with children. A significant majority of homes are owner-occupied, indicating a stable community. 

The median house price in Herne Hill is approximately $950,000, with an annual capital growth rate of -24.00%. Rental properties yield a median rent of $670 per week, offering a gross rental yield of 3.68%. Houses typically spend an average of 16 days on the market, reflecting strong demand in the area. 

Herne Hill is accessible via the Great Northern Highway, which connects residents to Perth and surrounding regions. Public transportation options are limited, so residents often rely on private vehicles for commuting.

The suburb is home to Herne Hill Primary School, which caters to the educational needs of younger residents. Additional amenities, including shopping centres and healthcare facilities, are accessible nearby in Midland.

Herne Hill's location within the Swan Valley offers residents access to numerous wineries, such as Carilley Estate and Windy Creek Estate, as well as restaurants and leisure activities. The suburb's rural setting provides opportunities for equestrian pursuits, with many properties equipped with stables and arenas. 

The Minh Quang Meditation Institute, a Vietnamese Buddhist temple in Herne Hill, contributes to the suburb's cultural diversity. 

Herne Hill is ranked 181st out of 307 Perth suburbs in terms of safety, with a higher rate of antisocial behaviour than the Perth average. 

Herne Hill offers a blend of rural living and viticultural attractions, with access to essential services and recreational activities, making it a distinctive suburb within the Perth metropolitan area. 

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