If you compare the increase in value of investment property in Herne Hill, 3218 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.20%.
Comparing Herne Hill,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Herne Hill are currently offering property investors an average price cut of -5.65% below the asking price at the moment.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 3.89%, without taking into account capital value appreciation, which has been averaging out at 6.88%.
Giving property investors a a stable capital gain of 11.63% for the last year, Herne Hill, 3218 is the 412th highest performer in Australia in this respect.
Herne Hill,3218 has offered an average of 11.63% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Herne Hill is giving property investors an average Vendor Discount of around -4.54%. This puts suburb at number 142th in VIC when ranking the most discounted suburbs.
In the last year 18 properties changed hands in Herne Hill, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2760 per annum or $230 every week.