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Herne Hill
AREA REPORTS

Herne Hill

Herne Hill - SUBURB PROFILE REPORT
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.

Average median house prices in WA have risen as a whole, pulling HERNE HILL, 6056 values up and netting property investors a capital gain of 29.8% for the past year.

Investors saw the median home price rise to $980,000.

Profits due to an upward trend in home prices in the suburb averaged 15.42% per annum over a 3-year period.

HERNE HILL now ranks at the 2nd 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.

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 57.4 days.

In 2016, 21 properties were sold in HERNE HILL during the past year, making it the 307th most active market in WA based on total real estate transactions.

Data report can be found below

Herne Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $980,000 N/A
GROWTH REPORT
Median Quarterly 26.86% N/A
Median 12 month 29.8% N/A
Median 3 years 46.27% N/A
Median 5 years 145% N/A
10 years average annual 7.6% N/A
Weekly media advert. rent N/A N/A
Time on Market 57.4 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
39167
Weekly Household Income
1357
Household Size
2.50
Age
39
Monthly Loan Repayment
1744
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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