Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $721,000, Annual capital growth 7.24%, Number of sales 25, Weekly median advertised rent $410

Briar Hill Unit: Median price $653,000, Annual capital growth 13.15%, Number of sales 20, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1549th in the list of Australian suburbs ordered by increase in median house value over the last year, Briar Hill, 3088 is in the top 40% with a property value increase of 6.81% recorded in median house prices.

The five-year average increase in median property values for Briar Hill,3088 has given property investors a potential capital gain of 32.96% across each of those five years.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Briar Hill, 3088’s gross rental yield is 2.96%

Briar Hill has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.37% to date .

A 30.60% growth in median value for property investors in Briar Hill,3088 puts this suburb at number 22th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Briar Hill are currently offering property investors an average price cut of -4.03% below the asking price at the moment.

A $350 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 13.15%.

HOUSE UNIT
$721,000 $653,000
-0.07% 8.29%
6.81% 20.37%
7.24% 13.15%
$410 $350
25 20
2.96% 2.79%
N/A 68.41

Source: CoreLogic

DSR Score for property investment : Above average (U), Very 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