Herne Hill is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3218). With a population of 3,507, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Herne Hill is $687,000, having declined 4% over the past year. Units have a median price of $350,000 (-13.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,733.
Herne Hill is served by 1 school, including 1 secondary. The average ICSEA score is 1051, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Herne Hill offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($687K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -4.0% year-on-year.
Herne Hill is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3218). With a population of 3,507, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $74K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Herne Hill is $687,000, having declined 4% over the past year. Units have a median price of $350,000 (-13.5% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,733.
Herne Hill is served by 1 school, including 1 secondary. The average ICSEA score is 1051, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Herne Hill offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($687K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved -4.0% year-on-year.