3099, Victoria

Real Estate & Property Information

Price Rank

hurstbridge Suburb Profile & Review

Nestled in a quiet, rural bush sanctuary, surrounded by wineries and walking trails, Hurstbridge is a diverse village popular for its farmer's markets, cafes and community festivals. It is an ideal location for commuters wanting to escape the hustle and bustle of the city, families wanting to raise young children, and retirees wanting to settle in a tranquil space. The area remains well connected to the city via train services running regularly from Hurstbridge Station to the Melbourne CBD.

Hurstbridge Village, the main shopping strip, offers an abundance of cafes, restaurants, antique stores and organic food stores. Primary school aged children attend Hurstbridge Primary School, while older children have the option to travel to neighbouring Diamond Creek or Eltham.

The annual Wattle Festival lures tourists to the area, but its secluded settling allows Hurstbridge residents a sedate alternative to crowded suburban life.

hurstbridge Demographic Data

$ 470,000 Median House Price

45 Minutes Average Commute

38 Median Age

3,511 Population

49.59 % Female

50.41 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in hurstbridge, Victoria.

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hurstbridge Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

hurstbridge Median House Prices

  • 2008 $ 377,500
  • 2009 $ 383,000
  • 2010 $ 405,000
  • 2011 $ 490,500
  • 2012 $ 470,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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hurstbridge 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in hurstbridge have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term hurstbridge property price predictions.

hurstbridge Market Property Types

  • 97 % Seperate House
  • 0 % Semi Detached
  • 3 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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hurstbridge Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

hurstbridge Income & Mortgage Stats

  • $ 1,618 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in hurstbridge

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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hurstbridge Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

hurstbridge Sold Property Prices

hurstbridge Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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hurstbridge Restaurants

  • Wildwood Grill & Tavern1/850 Main Roadhurstbridge VIC 309903 9718 2903
  • Wild Wombat2/784 Heidelberg-Kinglake Rd hurstbridge VIC 309903 9718 0011
  • Rhodes Greek Tavern12/920 Heidelberg-Kinglake Rd hurstbridge VIC 309903 9718 1597

hurstbridge Cafes

  • Post Office Cafe794 Main Roadhurstbridge VIC 309903 9718 2911
  • Wild Wombat Restaurant Cafe2/784 Heidelberg-Kinglake Roadhurstbridge VIC 309903 9718 0011
  • Wattle Cafe804 Heidelberg-Kinglake Roadhurstbridge VIC 309903 9718 1378

hurstbridge Schools

  • Hurstbridge Learning Co-operative Primary SchoolKinglake Roadhurstbridge VIC 3099(03) 9718 1481 Private School
  • Hurstbridge Primary SchoolMain Roadhurstbridge VIC 3099(03) 9718 2386State Primary School
  • University of the Third Age Community Centre50 Graysharps Rdhurstbridge VIC 30990438 992 513University

hurstbridge Kindergarten and Preschools

  • Ferguson Park Kindergarten4 Greysharps Roadhurstbridge VIC 3099
  • Hurstbridge Preschool8 Greysharps Roadhurstbridge VIC 3099

hurstbridge Sporting Centres and Clubs

  • Hurstbridgehurstbridge VIC 3099Bowling Club
  • Hurstbridge Pony Clubhurstbridge VIC 3099Horse Riding Club
  • Hurstbridge Tennis Clubhurstbridge VIC 3099Tennis Club & Courts

Find out How Much your House is Worth in hurstbridge

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