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%