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Princes Hill VIC 3054

The size of Princes Hill is approximately 0.4 square kilometres. It has 3 parks covering nearly 9.7% of total area. The population of Princes Hill in 2011 was 2,075 people. By 2016 the population was 2,126 showing a population growth of 2.5% in the area during that time. The predominant age group in Princes Hill is 20-29 years. Households in Princes Hill are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Princes Hill work in a professional occupation. In 2011, 50% of the homes in Princes Hill were owner-occupied compared with 50.4% in 2016.

Princes Hill has 1,140 properties. Over the last 5 years, Houses in Princes Hill have seen a 2.91% increase in median value, while Units have seen a 24.67% increase. As at 30 November 2024:

• The median value for Houses in Princes Hill is $1,827,159 while the median value for Units is $850,698.
• Houses have a median rent of $750 while Units have a median rent of $550.