Property investors who have had real estate in Hurstbridge, 3099 should be 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 11.20%
Across a shorter period, Hurstbridge, 3099 has seen a median price increase of 0.27% over the last quarter.
Property buyers and investors in Hurstbridge 3099 should be seeing an average reduction in asking price of around -4.82% . This means that Hurstbridge is holding prices well when compared to other suburbs in VIC.
In the last year 33 properties changed hands in Hurstbridge, which puts it as the 515th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $430 mark per week – giving a return of 3.04% based on the median price in Suburb
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