Investment property in Hurstbridge has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.99%
When looking at the potential capital gains offered to property investors over the last 3 years, Hurstbridge comes in at number 134th in VIC.
Hurstbridge, 3099 is offering VIC ‘s 181th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
The suburb of Hurstbridge sits at the junction of Diamond Creek and Arthurs Creek. It has considerable long-term appeal for buyersFull summary
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Houses see much demand from occupants
Median house price: $716,000
Three-year growth: 47.3%
Rental yield: 3.1%
The suburb of Hurstbridge sits at the junction of Diamond Creek and Arthurs Creek. It has considerable long-term appeal for buyers.
Steady year-on-year increases in house values have brought the median price to over $700,000 as of May 2018. The growth recorded in the 2017-2018 period was 14.6%, with such properties being snapped up after an average of just 26 days on the market. The rental market is extremely tight, with the average vacancy rate coming in at 0.3%, which spells very good news for investors even though the average yield is only 3.1% at a weekly rent rate of $425.
Hurstbridge has an active food scene, and its many attractions include wineries and farmer’s markets. Commuters can reach the Melbourne CBD by train via the Hurstbridge Railway Station. Schools are located nearby in neighbouring suburb Diamond Creek.Close