Thinking about buying in Briar Hill? Now could not be a better time, with 1754 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $1,252,000 with prices in this suburb ranging from $592,000 to $4,624,000.
Distance to the coast is 18 Km.
|Median Weekly Rent||$449.42|
|Median Monthly Mortgage||$2159.74|
|Median Persons Per Bedroom||0.78|
|Average Household Size||2.74|
|Average Cars Per Dwelling||1.91|
|Average Properties Within 50M||12|
|1 Bed $1,019,000|
|2 Bed $1,018,000|
|3 Bed $1,253,000|
|4 Bed $1,612,000|
|5 Bed $1,682,000|
Consistent high demand relative to supply is a key feature in Briar Hill driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Briar Hill ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Briar Hill classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Briar Hill requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|UNIT 2, 38 FERNSIDE AV, BRIAR HILL, VIC, 3088||2||1||1||700000|
Sherbourne Primary School
Briar Hill Primary School
Montmorency Secondary College
St Francis Xavier's School
Montmorency Primary School
Greenhills Primary School
Holy Trinity Primary School
Catholic Ladies' College Ltd
Greensborough Primary School
Watsonia Heights Primary School(While the above schools are located with the suburb of Briar Hill there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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