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Investment Property Herne Hill, VIC, 3218

Suburb Snapshot

Herne Hill is a suburb in the Greater Geelong Region of Victoria. Herne Hill has a population of 3,412 people and 33.01% of its occupants live in rental accommodation. The median listing price for houses is $664,500 and this has changed 3.10% over the past year and changed -9.60% over 2 years.

The median rent in Herne Hill for houses is $460 per week and the median rental yield is 3.59%. Stock on the market for houses/townhouses has changed 14.29% compared to last year and the average time to sell a house/townhouse is 62 days.The median listing price for units is $340,000 and this has changed -11.00% over the past year. The average unit takes 90 days to sell and the median rent for a unit in Herne Hill is $350 per week, producing a rental yield of 5.35%.

Supply & Demand in Herne Hill, Greater Geelong

1.17%

Current vacancy rate


22

Rental stock available


3,412

Population


33.01%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Herne Hill, Greater Geelong

  House Townhouses Units
Median listing price $664,500 NA $340,000
Median price change - last quarter 2.23% NA -2.17%
Median price change - 1 year 3.10% NA -11.00%
Median price change - 2 years -9.60% NA -2.86%
  House Townhouses Units
Median weekly rent $460 NA $350
Median yield % 3.59% NA 5.35%
Median rent change - 1 year 2.22% NA 6.06%
  House Units
Previous month sales 2 3
Stock on market previous month 24 11
Stock variance vs. last year 14.29% 10.00%
Average days on market 62 90

Herne Hill investment property listings

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