Suburb Profile Report for Brown Hill VIC (3350)

Brown Hill House: Median price $425,250, Annual capital growth 7.56%, Number of sales 85, Weekly median advertised rent $360

Brown Hill Unit: Median price $282,500, Annual capital growth 3.81%, Number of sales 10, Weekly median advertised rent $300

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Giving property investors a a solid capital gain of 21.07% for the last year, Brown Hill, 3350 is the 143th highest performer in Australia in this respect.

A 27.70% growth in median value for property investors in Brown Hill,3350 puts this suburb at number 153th in terms of best performing suburbs in VIC

At number 512th of VIC’s most discounted properties, Brown Hill is in the TOP 20% of the state/territory when listing in order of most discounted to least.

In the last year 85 properties changed hands in Brown Hill, which puts it as the 275th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

At number 151th in the list of Australian suburbs ordered by increase in median house value over the last year, Brown Hill, 3350 is in the top 10% with a property value increase of 13.00% recorded in median house prices.

Across a shorter period, Brown Hill, 3350 has seen a median price increase of 4.63% over the last quarter.

The VIC suburb of Brown Hill, 3350 is in the Ballarat (C) local government area.

Information supplied by:


April 2019

M
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Rural area benefits from urban downturn

Postcode: 3350

Median unit price: $274,000

Three-year growth: 9.6%

Rental yield: 5.3%

The suburb of Brown Hill may be located on the rural-urban fringe of Ballarat, but it is also conveniently established near the Melbourne freeway, making it quite accessible. The suburb’s name was derived from Brownhill’s Hill, which was in turn coined from Ballarat gold rush prospector William Brownhill. Since its conception, it has become a primarily residential hub.

Residents are served by educational institutions like Ballarat Secondary College, Caledonian Primary School and Brown Hill Kindergarten. The suburb is also peppered with parks, sports fields and open spaces for children and sports lovers to enjoy. The Ballarat bus service also passes through the suburb.

Brown Hill has benefited from Melbourne’s overpricing as buyers have been flocking to this affordable spot. Unit values went up by 6.4% in the year to February 2019 to hit a median of $274,000.

Metrics i HOUSE UNIT
$425,250 $282,500
1.76% 4.63%
21.07% 13.00%
7.56% 3.81%
$360 $300
85 10
4.40% 5.52%
45.3142857142857 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 3078
Median household income ($/weekly) 1107
Median age of persons 35
Median housing loan repayment ($/monthly) 1326
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 354 11.5
    25-34 years 431 14.0
    35-44 years 418 13.6
    45-54 years 461 15.0
    55-64 years 342 11.1
    Others 1072 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 1081 47.7
    Not Married 949 41.9
    Defacto Relationship 235 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2709 91.9
    New Zealand 20 0.7
    Papua New Guinea 16 0.5
    United Kingdom 90 3.1
    Other 22 0.7
    Others 91 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.6
    Christianity 2063 72.5
    Islam 13 0.5
    Other Religious Groups 12 0.4
    No Religion 730 25.7
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 134 12.6
    $600-$799 110 10.3
    $1,000-$1,249 105 9.9
    $1,250-$1,499 103 9.7
    $1,500-$1,999 144 13.5
    Others 467 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 953 40.0
    Not in the labour force 741 31.1
    Employed, worked part-time 500 21.0
    Employed, away from work 100 4.2
    Unemployed, looking for work 86 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 173 11.1
    Professionals 287 18.5
    Technicians & trades workers 278 17.9
    Clerical & administrative workers 208 13.4
    Sales 174 11.2
    Others 432 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 67 9.6
    Infants/Primary 234 33.6
    Secondary 182 26.1
    Technical or Further Educational Institution 52 7.5
    University or other Tertiary Institutions 136 19.5
    Others 26 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2620 90.4
    Flat, unit or apartment 199 6.9
    Semi-detached, row or terrace house, townhouse 65 2.2
    Caravan, cabin, houseboat 8 0.3
    House or flat attached to a shop, office 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 466 40.7
    Fully owned 365 31.9
    Rented 313 27.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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