Suburb Profile Report for Brown Hill VIC (3350)

Brown Hill House: Median price $359,750, Annual capital growth 5.79%, Number of sales 68, Weekly median advertised rent $280

Brown Hill Unit: Median price $242,500, Annual capital growth 2.93%, Number of sales 14, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Brown Hill, 3350 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 14.21%

A 33.24% growth in median value for property investors in Brown Hill,3350 puts this suburb at number 300th in terms of best performing suburbs in VIC

Brown Hill3350 is located in VIC which offers an average discount of -5.26% to property investors. Brown Hill itself is showing figures that indicate -4.04% is the average achievable by property buyers investing in the suburb.

In the last year 68 properties changed hands in Brown Hill, which puts it as the 366th most active market in VIC when comparing the number of sales per suburb.

Brown Hill, 3350’s gross rental yield is 4.05%

Investment property in Brown Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.00%

Across a shorter period, Brown Hill, 3350 has seen a median price increase of 1.04% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Brown Hill itself are offering an average vendor discount of -5.47% to real estate investors.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 5.36%

Metrics i HOUSE UNIT
$359,750 $242,500
2.79% 1.04%
14.21% -3.00%
5.79% 2.93%
$280 $250
68 14
4.05% 5.36%
58.87 71.09

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3078
Median household income ($/weekly) 1107
Median age of persons 35
Median housing loan repayment ($/monthly) 1326
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 354 11.5
    25-34 years 431 14.0
    35-44 years 418 13.6
    45-54 years 461 15.0
    55-64 years 342 11.1
    Others 1072 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 1081 47.7
    Not Married 949 41.9
    Defacto Relationship 235 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2709 91.9
    New Zealand 20 0.7
    Papua New Guinea 16 0.5
    United Kingdom 90 3.1
    Other 22 0.7
    Others 91 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.6
    Christianity 2063 72.5
    Islam 13 0.5
    Other Religious Groups 12 0.4
    No Religion 730 25.7
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 134 12.6
    $600-$799 110 10.3
    $1,000-$1,249 105 9.9
    $1,250-$1,499 103 9.7
    $1,500-$1,999 144 13.5
    Others 467 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 953 40.0
    Not in the labour force 741 31.1
    Employed, worked part-time 500 21.0
    Employed, away from work 100 4.2
    Unemployed, looking for work 86 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 173 11.1
    Professionals 287 18.5
    Technicians & trades workers 278 17.9
    Clerical & administrative workers 208 13.4
    Sales 174 11.2
    Others 432 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 67 9.6
    Infants/Primary 234 33.6
    Secondary 182 26.1
    Technical or Further Educational Institution 52 7.5
    University or other Tertiary Institutions 136 19.5
    Others 26 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2620 90.4
    Flat, unit or apartment 199 6.9
    Semi-detached, row or terrace house, townhouse 65 2.2
    Caravan, cabin, houseboat 8 0.3
    House or flat attached to a shop, office 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 466 40.7
    Fully owned 365 31.9
    Rented 313 27.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals