With a capital gain of 5.91% for the last 12 months, Herne Hill, 3218 has performed for property investments than its average annual 5.79% property growth over the last 5 years.
Over the longer term, Herne Hill has seen property prices show investors a 11.43% return over the last 3 years. This is worse than over the last 12 months
Herne Hill, 3218 is offering VIC ‘s 374th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
At number 167 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 39.26 for properties listed there.
The VIC suburb of Herne Hill, 3218 is in the Greater Geelong local government area.
Property investors who have had real estate in Herne Hill, 3218 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.10%
Herne Hill,3218 has offered an average of 6.10% 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 -8.41%. This puts suburb at number 18th in VIC when ranking the most discounted suburbs.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 5.06%, without taking into account capital value appreciation, which has been averaging out at 4.30%.