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Briar Hill, VIC 3088

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Briar Hill, VIC 3088 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Briar Hill, VIC 3088”

  1. The total adult population (15 years or older) of Briar Hill 3088 VIC is 2,601, with a median age of 42. Of those, 49.17% are married, 14.07% are divorced or separated, 31.99% are single and 4.73% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,496. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of Briar Hill, bearing postcode 3088, is home to around 1,492 households, and offers a vibrant property market scene for investors and property buyers alike as of the third quarter in 2023. Houses in Briar Hill have been seen to command typical prices around $980,503. Highlighting the property market, let’s delve into some key statistics.

    When it comes to rental dynamics, the median weekly rent sits at $557, giving rise to an indicative yield of approximately 2.95%. Even though this is slightly below the attractive threshold of 3% for cash-flow-centric property investors, it’s noteworthy that the market shows potential for strong rental returns.

    Reflecting on the social-economic landscape, Briar Hill scores a remarkable 1,053 out of 1,217 on the IRSAD scale, signifying a well-off community with solid economic resources and above-average income levels. The neighbourhood has a healthy renter-to-owner proportion, with just 20% of properties being rented out. This underscores an appealing market with lessened long-term risks.

    The units-to-houses ratio for Briar Hill is pegged at 22%, indicating a substantially lower competition amongst landlords for tenants. This, in turn, helps in maintaining an appreciable rental yield. The average period to fully own a property, as per the affordability index, comes to around 40 years, slightly above the ideal measure, signalling tighter affordability pressures in the market.

    Examining the supply-side factors, it should be noted that the stock on market percentage for houses is quite low at 0.09% and the inventory measure is a mere 0.34 months, both indicating a tight supply. With no new residential buildings on the horizon, as implied by a building approvals ratio of 0.0%, potential price pressures could be anticipated.

    Demand factors reveal a strong attraction of the property market in Briar Hill. Houses remain on the market for an average of 20 days only, which suggests high demand, while the vacancy rate (combined houses and units) is fairly low at 0.67%, indicating scarcity of supply. Mirroring general interest, the buy search index for houses is found to be on the average line with a score of 5.

    In conclusion, Briar Hill exhibits a promising property market, albeit with few concerns regarding yields and affordability. These factors reinforce the importance of thorough research and understanding prior to investing in an area. With the right insights and data, investment decisions may yield profitable results.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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