Suburb Profile Report for Hurstbridge VIC (3099)

Hurstbridge House: Median price $735,000, Annual capital growth 7.05%, Number of sales 33, Weekly median advertised rent $430

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

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

Information supplied by:


August 2018

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The suburb of Hurstbridge sits at the junction of Diamond Creek and Arthurs Creek. It has considerable long-term appeal for buyersFull summary

Houses see much demand from occupants

Postcode: 3099

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
Metrics i HOUSE UNIT
$735,000 N/A
0.27% N/A
11.20% N/A
7.05% N/A
$430 N/A
33 N/A
3.04% N/A
30.12 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3510
Median household income ($/weekly) 1618
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 523 14.9
    25-34 years 344 9.8
    35-44 years 525 15.0
    45-54 years 603 17.2
    55-64 years 481 13.7
    Others 1034 29.5
    Age Group
    Census Count Percent(%)
    Registered Married 1351 52.0
    Not Married 960 37.0
    Defacto Relationship 285 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2996 88.0
    Greece 20 0.6
    Papua New Guinea 43 1.3
    United Kingdom 187 5.5
    Other 53 1.6
    Others 104 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.9
    Christianity 1776 55.1
    Judaism 8 0.2
    Other Religious Groups 22 0.7
    No Religion 1386 43.0
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 92 8.9
    $1,250-$1,499 88 8.5
    $1,500-$1,999 156 15.0
    $2,000-$2,499 151 14.5
    $2,500-$2,999 95 9.1
    Others 457 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1126 41.9
    Employed, worked part-time 693 25.8
    Not in the labour force 680 25.3
    Employed, away from work 118 4.4
    Unemployed, looking for work 72 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 232 12.0
    Professionals 458 23.7
    Technicians & trades workers 355 18.3
    Community & personal service workers 209 10.8
    Clerical & administrative workers 276 14.3
    Others 406 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 83 8.5
    Infants/Primary 337 34.4
    Secondary 288 29.4
    Technical or Further Educational Institution 99 10.1
    University or other Tertiary Institutions 152 15.5
    Others 20 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3336 98.1
    Flat, unit or apartment 54 1.6
    House or flat attached to a shop, office 5 0.1
    Semi-detached, row or terrace house, townhouse 3 0.1
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 627 55.4
    Fully owned 380 33.6
    Rented 124 11.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals