Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $722,000, Annual capital growth 7.24%, Number of sales 31, Weekly median advertised rent $410

Briar Hill Unit: Median price $603,000, Annual capital growth 11.73%, Number of sales 18, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Briar Hill has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.57%

When looking at the potential capital gains offered to property investors over the last 3 years, Briar Hill comes in at number 303th in VIC.

LACK OF BUYER INTEREST may well be the reason that Briar Hill is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 629th in terms of most discounted suburbs in VIC

At number 1075 in a list of fastest selling suburbs, Briar Hill is in the TOP 30% of suburbs in Australia with an average of days on market 63.21 for properties listed there.

Renters in Suburb are facing rents around $4920 per annum or $410 every week.

Property investors who have had real estate in Briar Hill, 3088 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.51%

The five-year average increase in median property values for Briar Hill,3088 has given property investors a potential capital gain of 21.51% across each of those five years.

The VIC suburb of Briar Hill, 3088 is in the Banyule local government area.

Metrics i HOUSE UNIT
$722,000 $603,000
1.69% -5.93%
6.57% 5.51%
7.24% 11.73%
$410 $360
31 18
2.95% 3.10%
63.21 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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