Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $825,500, Annual capital growth 8.34%, Number of sales 37, Weekly median advertised rent $455

Briar Hill Unit: Median price $636,000, Annual capital growth 11.17%, Number of sales 18, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Briar Hill, 3088 ranked 254th in VIC when comparing growth in median property values or capital gain over the last 12 months. Briar Hill is one of 2098 in our list for VIC

While Briar Hill,3088 ranked number 414th in VIC for increase in median house value (annualised) increase, it is ranked 285th over the last 5 years.

At number 391th of VIC’s most discounted properties, Briar Hill is in the TOP 40% of the state/territory when listing in order of most discounted to least.

A $455 per week rent on the median house gives suburb investors a gross yield of circa 2.87%, without taking into account capital value appreciation, which has been averaging out at 8.34%.

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 -0.78%.

When looking at the potential capital gains offered to property investors over the last 3 years, Briar Hill comes in at number 58th in VIC.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 11.17%, investors should hope to achieve an overall return of 2.78%

Metrics i HOUSE UNIT
$825,500 $636,000
1.79% 0.95%
15.37% -0.78%
8.34% 11.17%
$455 $340
37 18
2.87% 2.78%
77.82 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Briar Hill VIC
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
Chart Table
Recent sales & rentals