Herne Hill, 3218 ranked 381th in VIC when comparing growth in median property values or capital gain over the last 12 months. Herne Hill is one of 2098 in our list for VIC
Herne Hill,3218 has offered an average of 7.74% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.08% to buyers in Herne Hill at the moment, which is less than average for the rest of VIC.
At number 28 in a list of fastest selling suburbs, Herne Hill is in the TOP 10% of suburbs in Australia with an average of days on market 27.07 for properties listed there.
VIC has seen average median house prices change by 2.98% which means that Herne Hill, 3218 has done well for property investors by showing a capital gain of 5.44% over the last year
The five-year average increase in median property values for Herne Hill,3218 has given property investors a potential capital gain of 19.89% across each of those five years.
Property investors looking for a bargain in Herne Hill should be aiming for at least -7.77% off the asking price, which is the average vendor discount being achieved at the moment.