Property value increases in Herne Hill have tracked close to the VIC average of 8.23% over the last 12 months.
Herne Hill,3218 has offered an average of 9.09% return per annum in house price rises to property investors over the last three years.
The most recent median price for Herne Hill is $390000, with sellers offering an average of -6.07% off the asking price.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 5.85%, investors should hope to achieve an overall return of 4.13%
With a capital gain of -8.00% for the last 12 months, Herne Hill, 3218 has performed for property investments than its average annual 3.70% property growth over the last 5 years.
Herne Hill,3218 was ranked 1542 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Herne Hill itself are offering an average vendor discount of -8.73% to real estate investors.
In the last year 25 properties changed hands in Herne Hill, which puts it as the 266th most active market in VIC when comparing the number of sales per suburb.
Herne Hill is 40th on a list of best yielding suburbs for rents in VIC with a 5.53% return