Suburb Profile Report for Herne Hill VIC (3218)

Herne Hill House: Median price $403,500, Annual capital growth 5.97%, Number of sales 71, Weekly median advertised rent $325

Herne Hill Unit: Median price $223,000, Annual capital growth 4.04%, Number of sales 28, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Herne Hill has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.35%

The five-year average increase in median property values for Herne Hill,3218 has given property investors a potential capital gain of 26.49% across each of those five years.

Our latest figures would indicate that property sellers in Herne Hill are currently offering property investors an average price cut of -3.95% below the asking price at the moment.

Often selling an investment property can take time, and in Herne Hill the average time real estate has been on the market is 25.07 days.

The VIC suburb of Herne Hill, 3218 is in the Greater Geelong local government area.

Herne Hill has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.94% to date .

Herne Hill,3218 was ranked 1520 in Australia by increase in median property value over the quarter.

At number 16th of VIC’s most discounted properties, Herne Hill is in the bottom 10% of the state/territory when listing in order of most discounted to least.

Metrics i HOUSE UNIT
$403,500 $223,000
2.15% -5.11%
9.35% 4.94%
5.97% 4.04%
$325 $220
71 28
4.19% 5.13%
25.07 124.65

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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