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Hurstbridge suburb profile

Hurstbridge is a charming semi-rural suburb located on the northeastern outskirts of Melbourne, approximately 28km from the CBD. Known for its picturesque landscapes and community-focused atmosphere, Hurstbridge offers a peaceful retreat from urban life. The suburb is characterized by its lush greenery, rolling hills, and a village-like feel, making it popular among families and nature enthusiasts. Hurstbridge is well-served by the Hurstbridge railway line, providing convenient access to the city. The local community enjoys a range of amenities, including cafes, shops, and the annual Wattle Festival, which celebrates the area's rich history and natural beauty.

Hurstbridge property market performance

Hurstbridge’s property market has shown minimal movement over the past 12 months. House values have seen a slight increase of 1.0%, while unit values have remained unchanged. The median house price is currently not available, reflecting limited sales activity, with only 8 houses and 1 unit sold in the past year.

Houses in Hurstbridge are selling relatively quickly, with a median of 20 days on the market. However, the unit market appears stagnant, with no recent sales data available, indicating a lack of activity or demand in this segment.

The rental market for houses has experienced a notable increase, with average rents rising by 6.9% over the last 12 months, reaching $620. In contrast, the unit rental market remains inactive, with no change in rent prices.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
1.0%N/A
Sold
Past 3 months
81
Median days on market
Past 12 months
20N/A
Average rent
Past 12 months
$620N/A
Change in rent
Past 12 months
6.9%N/A

5 year median price trend for houses and units

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Hurstbridge demographics

Hurstbridge, nestled in the northeastern outskirts of Melbourne, is a charming suburb known for its semi-rural atmosphere and strong sense of community. With a population of 3,554, it offers a peaceful retreat from the hustle and bustle of city life while still providing convenient access to urban amenities. The median age of 41 suggests a mature community, with many families and long-term residents enjoying the suburb's tranquil environment and natural beauty.

The suburb is predominantly composed of family households, with 52% of families being couples with children, reflecting its appeal to those seeking a family-friendly lifestyle. Additionally, 33.2% of families are couples without children, indicating a balanced demographic mix. The presence of one-parent families, making up 14.3% of the population, adds to the suburb's diverse family structure.

Property ownership in Hurstbridge is notably high, with 36.2% of homes owned outright and 53.2% owned with a mortgage. This high level of home ownership underscores the suburb's stability and attractiveness to those looking to settle down. Only 10.6% of properties are rented, highlighting its appeal to homeowners rather than transient renters. With a median household income of $2,168 per week, residents enjoy a comfortable standard of living, supported by the suburb's blend of rural charm and suburban convenience.

Hurstbridge infrastructure, key developments and investment opportunities

Hurstbridge’s property market is supported by its established village feel, strong owner-occupier profile, and low turnover, which tend to underpin steady demand. The suburb’s population has grown modestly, and its relatively small housing stock helps maintain scarcity, a factor that can support values over time.[2][5]

No major new redevelopments, transport upgrades, or school projects were identified in the available results that are likely to materially change Hurstbridge’s market outlook at this time.[2][5] Its appeal continues to come from lifestyle attributes, including access to green space and a semi-rural setting within commuting distance of Melbourne, which remain important to buyers seeking a quieter suburban environment.[2][3]

Hurstbridge rental market trends

The rental market in Hurstbridge has experienced moderate growth, with house rents increasing by 6.9% over the past year to $620 per week. However, there is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Hurstbridge remains a desirable location for those seeking a suburban lifestyle with access to natural surroundings.

Suburbs near Hurstbridge

Some popular suburbs near Hurstbridge include:

How does Hurstbridge compare to nearby suburbs?

  • Median house prices: Hurstbridge’s median house price is 0.6% higher than Diamond Creek’s.
  • House price growth: Property prices in nearby Wattle Glen have risen 5.6% more than in Hurstbridge over the past year.
  • Selling speed for houses: Properties in Hurstbridge are selling 4.8% faster than in Wattle Glen.
  • House price growth: Over the past 12 months, house prices in Hurstbridge have grown 4.0% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Hurstbridge have grown 17.5% lower than the average rate of growth for units across Melbourne.

Common questions about Hurstbridge

  • Is Hurstbridge a nice place to live?

    Hurstbridge is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to live. Its semi-rural charm and picturesque landscapes provide a peaceful retreat from the bustling city life, while still being within commuting distance to Melbourne. The suburb's village-like atmosphere is complemented by a strong sense of community, making it an inviting place for families to settle down. With an abundance of lush greenery and rolling hills, Hurstbridge is perfect for those who appreciate nature and outdoor activities.

    Living in Hurstbridge means enjoying a relaxed lifestyle with access to essential amenities such as cafes, shops, and local events that foster a vibrant community spirit. The suburb is well-connected by the Hurstbridge railway line, ensuring convenient access to the city for work or leisure. Safety is generally not a major concern, and the suburb's tranquil setting is ideal for raising a family. However, it's worth noting that the semi-rural location may mean fewer nightlife options compared to more urban areas, which could be a trade-off for some.

    Families will find Hurstbridge particularly appealing due to its community-focused atmosphere and the availability of green spaces for children to play and explore. While the suburb offers a peaceful lifestyle, the scarcity of housing stock can make finding a home a bit challenging, but this also helps maintain property values. Overall, Hurstbridge is a charming and peaceful suburb that offers a balanced lifestyle for those seeking a blend of rural charm and suburban convenience.

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  • Is it expensive to live in Hurstbridge?

    Living in Hurstbridge can be considered relatively affordable, especially when compared to the bustling inner suburbs of Melbourne. The median total household income in Hurstbridge is approximately $2,168 per week, which is slightly above the Victorian state average of $2,000 per week. This indicates that households in Hurstbridge generally have a comfortable income level.

    When it comes to housing, the data indicates that the current median house and unit prices are unavailable. However, for those looking to rent, the average rent for houses over the last 12 months is around $620 per week. This rental cost is quite reasonable, especially when considering the income levels in the area. It suggests that a significant portion of the local population can comfortably afford to rent in Hurstbridge without stretching their budgets too thin.

    Overall, if you are thinking of living in Hurstbridge, you can expect a balanced cost of living that aligns well with the average income levels in the area. With its more relaxed pace and natural surroundings, Hurstbridge offers a peaceful lifestyle without the hefty price tag associated with Melbourne's inner suburbs.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Hurstbridge a good place to invest?

    Hurstbridge presents a unique investment opportunity, especially for those looking for stability and gradual growth. Over the past year, the median house value in Hurstbridge has seen a modest increase of 1.0%, while unit values have remained steady. This suggests a stable market that isn't prone to the rapid fluctuations seen in some other areas. The real standout, however, is the rental market for houses, which has experienced a significant 6.9% increase in rent over the last 12 months. This indicates strong demand from renters, making it an attractive option for investors seeking reliable rental income.

    While Hurstbridge may not offer the explosive growth potential of some inner-city suburbs, its appeal lies in its consistency and charm. The suburb is known for its community feel and natural surroundings, which attract families and long-term residents. This steady demand helps maintain property values and rental yields. For investors, Hurstbridge offers a low-risk environment with the potential for gradual appreciation and solid rental returns, particularly for houses. It's a great choice for those who value stability and a strong community atmosphere.

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Choose the right real estate agents in Hurstbridge

Currently, there are 24 real estate agents working in Hurstbridge—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 24 agents sold 49.0% of all properties in Hurstbridge over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Hurstbridge typically charge a commission of 1.88% to 2.88%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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