Hurstbridge, 3099 ranked 624th in VIC when comparing growth in median property values or capital gain over the last 12 months. Hurstbridge is one of 2099 in our list for VIC
If we look at median property appreciation over just the last three months, Hurstbridge has given property investors a paper return of 0.00%. This puts Suburb as 531 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Hurstbridge 3099 should be seeing an average reduction in asking price of around -4.17% . This means that Hurstbridge is holding prices well when compared to other suburbs in VIC.
In the last year 39 properties changed hands in Hurstbridge, which puts it as the 469th most active market in VIC when comparing the number of sales per suburb.
Hurstbridge, 3099’s gross rental yield is 3.45%
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Houses see much demand from occupants
Median house price: $716,000
Three-year growth: 47.3%
Rental yield: 3.1%
The suburb of Hurstbridge sits at the junction of Diamond Creek and Arthurs Creek. It has considerable long-term appeal for buyers.
Steady year-on-year increases in house values have brought the median price to over $700,000 as of May 2018. The growth recorded in the 2017-2018 period was 14.6%, with such properties being snapped up after an average of just 26 days on the market. The rental market is extremely tight, with the average vacancy rate coming in at 0.3%, which spells very good news for investors even though the average yield is only 3.1% at a weekly rent rate of $425.
Hurstbridge has an active food scene, and its many attractions include wineries and farmer’s markets. Commuters can reach the Melbourne CBD by train via the Hurstbridge Railway Station. Schools are located nearby in neighbouring suburb Diamond Creek.