Giving property investors a a stable capital gain of 9.09% for the last year, Herne Hill, 3218 is the 1198th highest performer in Australia in this respect.
Over the longer term, Herne Hill has seen property prices show investors a 10.66% return over the last 3 years. This is worse than over the last 12 months
Herne Hill3218 is located in VIC which offers an average discount of -6.04% to property investors. Herne Hill itself is showing figures that indicate -5.18% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
VIC has seen average median house prices change by 3.63% which means that Herne Hill, 3218 has done well for property investors by showing a capital gain of 2.33% over the last year
Herne Hill,3218 was ranked 232 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Herne Hill should be aiming for at least -8.28% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
Herne Hill, 3218’s gross rental yield is 5.20%