Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $780,000, Annual capital growth 6.87%, Number of sales 26, Weekly median advertised rent $465

Briar Hill Unit: Median price $620,000, Annual capital growth 6.18%, Number of sales 15, Weekly median advertised rent $420

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

With a capital gain of -10.45% for the last 12 months, Briar Hill, 3088 has performed for property investments than its average annual 6.87% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Briar Hill,3088 has racked up an average of -10.45% over the period. This ranks it number 1819th in the whole country for real estate investors looking at median house price increases.

Often selling an investment property can take time, and in Briar Hill the average time real estate has been on the market is 49.3333 days.

Briar Hill, 3088’s gross rental yield is 3.10%

Briar Hill is in the bottom 30% in VIC when comparing median price capital growth over the last year. Briar Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.46%.

Briar Hill,3088 was ranked 758 in Australia by increase in median property value over the quarter.

Advertised rents are around the $420 mark per week – giving a return of 3.52% based on the median price in Suburb

Information supplied by:


April 2019

M
O

W
E

Suburb clings to positive growth

Postcode: 3088

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.

Metrics i HOUSE UNIT
$780,000 $620,000
-0.64% -0.16%
-10.45% -7.46%
6.87% 6.18%
$465 $420
26 15
3.10% 3.52%
49.3333333333333 40.6

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3091
Median household income ($/weekly) 1375
Median age of persons 39
Median housing loan repayment ($/monthly) 1820
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 326 10.5
    25-34 years 408 13.2
    35-44 years 480 15.5
    45-54 years 403 13.0
    55-64 years 404 13.1
    Others 1071 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 1138 47.5
    Not Married 998 41.7
    Defacto Relationship 259 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2545 84.1
    Japan 34 1.1
    Papua New Guinea 43 1.4
    United Kingdom 155 5.1
    Other 56 1.9
    Others 194 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 1.0
    Christianity 1786 62.5
    Islam 13 0.5
    Other Religious Groups 21 0.7
    No Religion 1001 35.0
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 112 10.2
    $1,000-$1,249 108 9.8
    $1,500-$1,999 167 15.2
    $2,000-$2,499 124 11.3
    $2,500-$2,999 104 9.5
    Others 485 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1024 41.0
    Not in the labour force 790 31.6
    Employed, worked part-time 510 20.4
    Employed, away from work 101 4.0
    Unemployed, looking for work 75 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 11.3
    Professionals 386 23.6
    Technicians & trades workers 261 16.0
    Community & personal service workers 166 10.2
    Clerical & administrative workers 292 17.9
    Others 344 21.1
    Occupation
    Census Count Percent(%)
    Pre-school 48 7.0
    Infants/Primary 230 33.4
    Secondary 184 26.7
    Technical or Further Educational Institution 80 11.6
    University or other Tertiary Institutions 122 17.7
    Others 24 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2554 86.4
    Semi-detached, row or terrace house, townhouse 359 12.1
    Flat, unit or apartment 43 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 493 41.3
    Fully owned 461 38.6
    Rented 235 19.7
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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