Thinking about buying in Herne Hill? Now could not be a better time, with 2367 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $767,000 with prices in this suburb ranging from $218,000 to $2,212,000. Herne Hill is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Herne Hill Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Herne Hill are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Herne 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 Herne 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.

Houses for sale Herne Hill

	unit 2, 38 heytesbury st, herne hill, vic, 3218	2	1	1	$529,000 - $569,000
	unit 2, 11 ashbourne st, herne hill, vic, 3218	3	2	2	$650,000-$680,000
	15 spectre cl, herne hill, vic, 3218				$620,000 - $670,000

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General Points of Interest

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