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 8.21%
Herne Hill,3218 has offered an average of 8.21% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Herne Hill itself are offering an average vendor discount of -3.39% to real estate investors.
Situated 66.55km from the CBD, Herne Hill is one of Greater Geelong localities in the postcode 3218.
With a capital gain of 3.45% for the last 12 months, Herne Hill, 3218 has performed for property investments than its average annual 4.70% property growth over the last 5 years.
The five-year average increase in median property values for Herne Hill,3218 has given property investors a potential capital gain of 20.00% across each of those five years.
The most recent median price for Herne Hill is $225000, with sellers offering an average of -5.96% off the asking price.
In the last year 26 properties changed hands in Herne Hill, which puts it as the 268th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $2640 per annum or $220 every week.