Briar Hill is a smaller suburb in Victoria within the Banyule local government area (postcode 3088). With a population of 3,220, the suburb has an established demographic with a median age of 42. Households earn a median income of $101K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Briar Hill is $950,000, having declined 5.1% over the past year. Units have a median price of $885,000 (+2.5% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Briar Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Briar Hill offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($950K/$875K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved -5.1% year-on-year.
Briar Hill is a smaller suburb in Victoria within the Banyule local government area (postcode 3088). With a population of 3,220, the suburb has an established demographic with a median age of 42. Households earn a median income of $101K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Briar Hill is $950,000, having declined 5.1% over the past year. Units have a median price of $885,000 (+2.5% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,167.
Briar Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Briar Hill offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($950K/$875K). The price-to-income ratio of 9.4x is considered moderate. House prices have moved -5.1% year-on-year.