Investment property in Brown Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.80%
Comparing Brown Hill,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Brown Hill itself are offering an average vendor discount of -5.61% to real estate investors.
Brown Hill is 161th on a list of best yielding suburbs for rents in VIC with a 4.29% return
VIC has seen average median house prices change by 6.11% which means that Brown Hill, 3350 has done well for property investors by showing a capital gain of 6.93% over the last year
A 20.82% growth in median value for property investors in Brown Hill,3350 puts this suburb at number 160th in terms of best performing suburbs in VIC
At number 7 in a list of fastest selling suburbs, Brown Hill is in the TOP 10% of suburbs in Australia with an average of days on market 24.5 for properties listed there.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
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Rural area benefits from urban downturn
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.