Suburb Profile Report for Black Rock VIC (3193)

Black Rock House: Median price $1,767,500, Annual capital growth 6.70%, Number of sales 70, Weekly median advertised rent $900

Black Rock Unit: Median price $877,000, Annual capital growth 6.29%, Number of sales 51, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Black Rock, 3193 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.51%.

Black Rock,3193 has offered an average of 11.51% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $10800 per annum or $900 every week.

VIC has seen average median house prices change by 4.79% which means that Black Rock, 3193 has done well for property investors by showing a capital gain of 10.59% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Black Rock has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Black Rock should be aiming for at least -2.27% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 51 properties changed hands in Black Rock, which puts it as the 179th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$1,767,500 $877,000
0.50% 2.27%
11.51% 10.59%
6.70% 6.29%
$900 $500
70 51
2.65% 2.96%
70.87 34.29

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5944
Median household income ($/weekly) 1742
Median age of persons 46
Median housing loan repayment ($/monthly) 2500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 751 12.6
    35-44 years 790 13.3
    45-54 years 943 15.9
    55-64 years 892 15.0
    65-74 years 576 9.7
    Others 1992 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2519 57.4
    Not Married 1565 35.6
    Defacto Relationship 308 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4303 77.3
    Papua New Guinea 109 2.0
    South Africa 55 1.0
    United Kingdom 482 8.7
    Other 174 3.1
    Others 444 8.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 1.3
    Christianity 3565 67.0
    Islam 17 0.3
    Judaism 47 0.9
    No Religion 1603 30.1
    Others 25 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 169 8.4
    $1,500-$1,999 205 10.2
    $2,000-$2,499 178 8.9
    $2,500-$2,999 288 14.4
    $4,000 or more 167 8.3
    Others 998 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1721 37.4
    Employed, worked full-time 1664 36.1
    Employed, worked part-time 985 21.4
    Employed, away from work 138 3.0
    Unemployed, looking for work 96 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 565 20.3
    Professionals 906 32.5
    Community & personal service workers 236 8.5
    Clerical & administrative workers 400 14.3
    Sales 269 9.6
    Others 412 14.8
    Occupation
    Census Count Percent(%)
    Pre-school 107 8.1
    Infants/Primary 512 38.5
    Secondary 354 26.6
    Technical or Further Educational Institution 64 4.8
    University or other Tertiary Institutions 261 19.6
    Others 31 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3983 73.1
    Semi-detached, row or terrace house, townhouse 1000 18.4
    Flat, unit or apartment 459 8.4
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1057 47.6
    Being purchased 704 31.7
    Rented 444 20.0
    Other tenure type 15 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals