Princes Hill is a smaller suburb in Victoria within the Yarra local government area (postcode 3054). With a population of 2,005, the suburb has an established demographic with a median age of 39. Households earn a median income of $115K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Princes Hill is $1.7 million, having increased 3.5% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,000.
Princes Hill is served by 1 school, including 1 secondary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Princes Hill offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +3.5% year-on-year.
Princes Hill is a smaller suburb in Victoria within the Yarra local government area (postcode 3054). With a population of 2,005, the suburb has an established demographic with a median age of 39. Households earn a median income of $115K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Princes Hill is $1.7 million, having increased 3.5% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,000.
Princes Hill is served by 1 school, including 1 secondary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Yarra LGA is higher than average at 15,436 incidents per 100,000 population.
From an investment perspective, Princes Hill offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +3.5% year-on-year.