Investment property in Blacks Beach has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.56%
Across a shorter period, Blacks Beach, 4740 has seen a median price increase of -0.28% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Blacks Beach itself are offering an average vendor discount of -12.00% to real estate investors.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at -1.75%.