Herne Hill VIC 3218: Property Market Report & Real Estate Insights

Part of Greater Geelong, VIC

Herne Hill Real Estate Market Outlook

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.

Living in Herne Hill

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.

Instant Property Valuation

Herne Hill, located in Greater Geelong, VIC, has seen notable fluctuations in its housing market over recent years. As part of the greater urban spread of Geelong, Herne Hill offers a blend of suburban tranquility and close proximity to city amenities, making it a desirable location for a range of homebuyers. Property prices have generally seen a steady increase, reflecting both local demand and broader regional trends driven by population growth and the allure of Geelong as a hub of employment and education. The neighborhood offers a mix of housing options, from older, established homes with character to newer developments. This variety caters to first-time buyers, families seeking bigger spaces, and investors eyeing promising returns. The heritage and character homes often attract those interested in renovation or maintaining historical charm, contributing to the suburb's unique atmosphere.

Living in Herne Hill presents an appealing lifestyle balanced between convenience and comfort. The suburb benefits from excellent accessibility to Geelong’s central business district and the scenic coast, making it ideal for commuters and those appreciating weekend getaways. Schools, parks, and community facilities dot the area, enhancing its appeal for families. The community vibe is friendly and welcoming, fostering a sense of belonging among residents. Herne Hill also boasts several recreational spaces and local shopping options, making daily errands and leisure activities straightforward and enjoyable. Public transport services are reliable, providing Yet connectivity within Geelong and to broader Victoria. The combination of lifestyle amenities and a strong sense of community makes Herne Hill not just a place to live, but a place to thrive.

---

---

---

---

}

---

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!