Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $821,600, Annual capital growth 6.51%, Number of sales 29, Weekly median advertised rent $460

Briar Hill Unit: Median price $642,500, Annual capital growth 5.41%, Number of sales 24, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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:


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
$821,600 $642,500
0.56% 3.63%
-3.51% 0.63%
6.51% 5.41%
$460 $430
29 24
2.91% 3.48%
47.3333333333333 53.0714285714286

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (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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