Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $721,500, Annual capital growth 7.31%, Number of sales 26, Weekly median advertised rent $410

Briar Hill Unit: Median price $603,000, Annual capital growth 8.48%, Number of sales 18, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.12% which means that Briar Hill, 3088 has done well for property investors by showing a capital gain of 9.32% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Briar Hill has increased when compared to the 5 year average annual rate.

Advertised rents are around the $410 mark per week – giving a return of 2.95% based on the median price in Suburb

Investment property in Briar Hill has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.16%

Briar Hill,3088 was ranked 1536 in Australia by increase in median property value over the quarter.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$721,500 $603,000
0.84% -5.11%
9.32% 6.16%
7.31% 8.48%
$410 $350
26 18
2.95% 3.02%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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
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