248 Richardson Street

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 1,142 properties. Over the last 5 years, Houses in Princes Hill have seen a -1.53% decrease in median value, while Units have seen a 21.87% increase. As at 31 January 2025:

• The median value for Houses in Princes Hill is $1,788,985 while the median value for Units is $902,189.
• Houses have a median rent of $750 while Units have a median rent of $523.