Suburb Profile Report for Briar Hill VIC (3088)

Briar Hill House: Median price $836,444, Annual capital growth 7.60%, Number of sales 34, Weekly median advertised rent $438

Briar Hill Unit: Median price $670,000, Annual capital growth 8.75%, Number of sales 17, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Briar Hill is an average performer in VIC when comparing median price capital growth over the last year. Briar Hill gave property investors a average capital gain figure when compared to the rest of the state, with 8.28%.

Taking the average capital gain, or increase in median house value, Briar Hill,3088 has racked up an average of 8.28% over the period. This ranks it number 1042th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Briar Hill, 3088. Typically our figures indicate that -3.60% is being offered, which puts this VIC suburb at 3326th most discounted overall in Australia.

Using the current median advertised rental of $437.5 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 2.72%

Briar Hill has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.11% to date .

Comparing Briar Hill,3088 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Situated 18.19km from the CBD, Briar Hill is one of Banyule localities in the postcode 3088.

Metrics i HOUSE UNIT
$836,444 $670,000
0.78% 3.08%
8.28% 11.11%
7.60% 8.75%
$438 $380
34 17
2.72% 2.95%
25.64 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals