Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $772,500, Annual capital growth 7.88%, Number of sales 31, Weekly median advertised rent $415

Briar Hill Unit: Median price $600,000, Annual capital growth 8.18%, Number of sales 21, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1109th in the list of Australian suburbs ordered by increase in median house value over the last year, Briar Hill, 3088 is in the top 30% with a property value increase of 11.15% recorded in median house prices.

Briar Hill,3088 has offered an average of 11.15% return per annum in house price rises to property investors over the last three years.

Briar Hill, 3088 is offering VIC ‘s 622th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

At number 1842 in a list of fastest selling suburbs, Briar Hill is just in the top half of suburbs in Australia with an average of days on market 78.68 for properties listed there.

A $415 per week rent on the median house gives suburb investors a gross yield of circa 2.79%, without taking into account capital value appreciation, which has been averaging out at 7.88%.

At number 718th in the list of Australian suburbs ordered by increase in median house value over the last year, Briar Hill, 3088 is in the top half with a property value increase of 4.35% recorded in median house prices.

Comparing Briar Hill,3088 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Advertised rents are around the $350 mark per week – giving a return of 3.03% based on the median price in Suburb

Metrics i HOUSE UNIT
$772,500 $600,000
7.14% -0.99%
11.15% 4.35%
7.88% 8.18%
$415 $350
31 21
2.79% 3.03%
78.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3091
Median household income ($/weekly) 1375
Median age of persons 39
Median housing loan repayment ($/monthly) 1820
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 326 10.5
    25-34 years 408 13.2
    35-44 years 480 15.5
    45-54 years 403 13.0
    55-64 years 404 13.1
    Others 1071 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1138 47.5
    Not Married 998 41.7
    Defacto Relationship 259 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2545 84.1
    Japan 34 1.1
    Papua New Guinea 43 1.4
    United Kingdom 155 5.1
    Other 56 1.9
    Others 194 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 1.0
    Christianity 1786 62.5
    Islam 13 0.5
    Other Religious Groups 21 0.7
    No Religion 1001 35.0
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 112 10.2
    $1,000-$1,249 108 9.8
    $1,500-$1,999 167 15.2
    $2,000-$2,499 124 11.3
    $2,500-$2,999 104 9.5
    Others 485 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1024 41.0
    Not in the labour force 790 31.6
    Employed, worked part-time 510 20.4
    Employed, away from work 101 4.0
    Unemployed, looking for work 75 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 11.3
    Professionals 386 23.6
    Technicians & trades workers 261 16.0
    Community & personal service workers 166 10.2
    Clerical & administrative workers 292 17.9
    Others 344 21.1
    Occupation
    Census Count Percent(%)
    Pre-school 48 7.0
    Infants/Primary 230 33.4
    Secondary 184 26.7
    Technical or Further Educational Institution 80 11.6
    University or other Tertiary Institutions 122 17.7
    Others 24 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2554 86.4
    Semi-detached, row or terrace house, townhouse 359 12.1
    Flat, unit or apartment 43 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 493 41.3
    Fully owned 461 38.6
    Rented 235 19.7
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals