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 20.60%
Across a shorter period, Herne Hill, 3218 has seen a median price increase of 3.20% over the last quarter.
Property investors looking for a bargain in Herne Hill should be aiming for at least -5.45% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 83 properties changed hands in Herne Hill, which puts it as the 321th most active market in VIC when comparing the number of sales per suburb.
Property value increases in Herne Hill have tracked just higher than the VIC average of 8.36% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Herne Hill comes in at number 188th in VIC.
Our latest figures would indicate that property sellers in Herne Hill are currently offering property investors an average price cut of -5.28% below the asking price at the moment.
Renters in Suburb are facing rents around $2760 per annum or $230 every week.