Over the last year, property investments in Briar Hill, 3088 have given investors a capital gain of -3.51%. This compares badly with the 2.87% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Briar Hill comes in at number 500th in VIC.
If you compare the increase in value of investment property in Briar Hill, 3088 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.63%.
Comparing Briar Hill,3088 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
Information supplied by:
Suburb clings to positive growth
Median house price: $851,500
Three-year growth: 25.0%
Rental yield: 2.8%
The suburb of Briar Hill is part of the Banyule City LGA, located around 18km from the Melbourne CBD. It is favoured by residents for its community-oriented spirit and convenient location.
With its location, Briar Hill boasts a hefty price tag that comes to a median of just over $850,000. While the suburb has held on to some positivity, the negative growth recorded over the three months to February 2019 could indicate the start of a new trend.
Families have their pick of childcare and schools, and the suburb is festooned with greenery and open spaces. Shopping districts are in the vicinity, as are sports facilities. Briar Hill is surrounded by suburbs like Montmorency, Eltham and Greensborough, which provide various amenities to Briar Hill’s residents. The suburb also offers a scenic view of the city, and commuters are well-catered to by bus services, particularly the Smart Bus.