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%.