Suburb Profile Report for Herne Hill VIC (3218)

Herne Hill House: Median price $540,000, Annual capital growth 8.11%, Number of sales 91, Weekly median advertised rent $350

Herne Hill Unit: Median price $260,000, Annual capital growth 5.59%, Number of sales 37, Weekly median advertised rent $220

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

Property investors who have had real estate in Herne Hill, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.69%

Taking the average capital gain, or increase in median house value, Herne Hill,3218 has racked up an average of 21.69% over the period. This ranks it number 142th 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 Herne Hill, 3218. Typically our figures indicate that -5.46% is being offered, which puts this VIC suburb at 2182th most discounted overall in Australia.

Herne Hill is an average performer in VIC when comparing median price capital growth over the last year. Herne Hill gave property investors a average capital gain figure when compared to the rest of the state, with 8.33%.

Herne Hill,3218 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.

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 Herne Hill, 3218. Typically our figures indicate that -5.25% is being offered, which puts this VIC suburb at 764th most discounted overall in Australia.

Metrics i HOUSE UNIT
$540,000 $260,000
1.69% -3.70%
21.69% 8.33%
8.11% 5.59%
$350 $220
91 37
3.37% 4.40%
59.9 49.29

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3322
Median household income ($/weekly) 917
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 315 9.5
    25-34 years 519 15.6
    35-44 years 451 13.6
    45-54 years 463 13.9
    55-64 years 355 10.7
    Others 1220 36.7
    Age Group
    Census Count Percent(%)
    Not Married 1268 49.3
    Registered Married 1032 40.1
    Defacto Relationship 272 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2730 88.1
    New Zealand 19 0.6
    Papua New Guinea 40 1.3
    United Kingdom 105 3.4
    Other 66 2.1
    Others 137 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.9
    Christianity 2072 70.2
    Islam 25 0.8
    Other Religious Groups 18 0.6
    No Religion 794 26.9
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 141 10.4
    $400-$599 201 14.8
    $600-$799 166 12.2
    $1,000-$1,249 136 10.0
    $1,500-$1,999 175 12.9
    Others 537 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 984 37.2
    Not in the labour force 940 35.6
    Employed, worked part-time 516 19.5
    Employed, away from work 117 4.4
    Unemployed, looking for work 86 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 275 17.0
    Technicians & trades workers 275 17.0
    Community & personal service workers 212 13.1
    Clerical & administrative workers 202 12.5
    Labourers 196 12.1
    Others 457 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 186 29.7
    Secondary 167 26.7
    Technical or Further Educational Institution 89 14.2
    University or other Tertiary Institutions 116 18.5
    Other type of educational institution 35 5.6
    Others 33 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2582 83.4
    Flat, unit or apartment 495 16.0
    Semi-detached, row or terrace house, townhouse 19 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 498 34.5
    Rented 488 33.8
    Being purchased 455 31.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals