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 1, 9 BOX RD, BRIAR HILL, VIC, 3088||4||2||1||$935,000|
|UNIT 4, 152 MOUNTAIN VIEW RD, BRIAR HILL, VIC, 3088||2||1||1||$560,000 - $595,000|
Briar Hill Primary School
Sherbourne 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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