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.
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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.