Suburb Profile Report for Herne Hill VIC (3218)

Herne Hill House: Median price $400,000, Annual capital growth 6.06%, Number of sales 69, Weekly median advertised rent $325

Herne Hill Unit: Median price $220,000, Annual capital growth 4.47%, Number of sales 27, Weekly median advertised rent $220

  • 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 8.06% which means that Herne Hill, 3218 has done well for property investors by showing a capital gain of 8.62% over the last year

If we look at median property appreciation over just the last three months, Herne Hill has given property investors a paper return of 3.87%. This puts Suburb as 206 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Herne Hill is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 402th in terms of most discounted suburbs in VIC

In the last year 69 properties changed hands in Herne Hill, which puts it as the 350th most active market in VIC when comparing the number of sales per suburb.

Property value increases in Herne Hill have tracked close to the VIC average of 3.11% over the last 12 months.

A 18.28% growth in median value for property investors in Herne Hill,3218 puts this suburb at number 293th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Herne Hill is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Herne Hill the average time real estate has been on the market is 103.33 days.

Using the current median advertised rental of $220 and the average annual increase in value of a median property of 4.47%, investors should hope to achieve an overall return of 5.20%

HOUSE UNIT
$400,000 $220,000
3.87% -2.65%
8.62% 3.29%
6.06% 4.47%
$325 $220
69 27
4.23% 5.20%
36.75 103.33

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3322
Median household income ($/weekly) 917
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 315 9.5
    25-34 years 519 15.6
    35-44 years 451 13.6
    45-54 years 463 13.9
    55-64 years 355 10.7
    Others 1220 36.7
    Age Group
    Census Count Percent(%)
    Not Married 1268 49.3
    Registered Married 1032 40.1
    Defacto Relationship 272 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2730 88.1
    New Zealand 19 0.6
    Papua New Guinea 40 1.3
    United Kingdom 105 3.4
    Other 66 2.1
    Others 137 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.9
    Christianity 2072 70.2
    Islam 25 0.8
    Other Religious Groups 18 0.6
    No Religion 794 26.9
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 141 10.4
    $400-$599 201 14.8
    $600-$799 166 12.2
    $1,000-$1,249 136 10.0
    $1,500-$1,999 175 12.9
    Others 537 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 984 37.2
    Not in the labour force 940 35.6
    Employed, worked part-time 516 19.5
    Employed, away from work 117 4.4
    Unemployed, looking for work 86 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 275 17.0
    Technicians & trades workers 275 17.0
    Community & personal service workers 212 13.1
    Clerical & administrative workers 202 12.5
    Labourers 196 12.1
    Others 457 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 186 29.7
    Secondary 167 26.7
    Technical or Further Educational Institution 89 14.2
    University or other Tertiary Institutions 116 18.5
    Other type of educational institution 35 5.6
    Others 33 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2582 83.4
    Flat, unit or apartment 495 16.0
    Semi-detached, row or terrace house, townhouse 19 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 498 34.5
    Rented 488 33.8
    Being purchased 455 31.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals