Property investors who have had real estate in Black Rock, 3193 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.04%
When looking at the potential capital gains offered to property investors over the last 3 years, Black Rock comes in at number 160th in VIC.
At number 622th of VIC’s most discounted properties, Black Rock is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $875 and the average annual increase in value of a median property of 7.22%, investors should hope to achieve an overall return of 2.66%
With a capital gain of 8.00% for the last 12 months, Black Rock, 3193 has performed for property investments than its average annual 7.24% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Black Rock comes in at number 99th in VIC.
Advertised rents are around the $490 mark per week – giving a return of 2.97% based on the median price in Suburb