Herne Hill, 3218 ranked 575th in VIC when comparing growth in median property values or capital gain over the last 12 months. Herne Hill is one of 2099 in our list for VIC
Over the longer term, Herne Hill has seen property prices show investors a 29.27% return over the last 3 years. This is worse than over the last 12 months
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 -6.52% is being offered, which puts this VIC suburb at 1405th most discounted overall in Australia.
If you compare the increase in value of investment property in Herne Hill, 3218 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.44%.
If we look at median property appreciation over just the last three months, Herne Hill has given property investors a paper return of 0.86%. This puts Suburb as 195 on a list of fastest fasting appreciating suburbs in VIC
Using the current median advertised rental of $240 and the average annual increase in value of a median property of 6.05%, investors should hope to achieve an overall return of 4.26%