Suburb Profile Report for Black Rock VIC (3193)

Black Rock House: Median price $1,672,500, Annual capital growth 6.95%, Number of sales 67, Weekly median advertised rent $900

Black Rock Unit: Median price $837,500, Annual capital growth 6.90%, Number of sales 32, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Black Rock is an average performer in VIC when comparing median price capital growth over the last year. Black Rock gave property investors a average capital gain figure when compared to the rest of the state, with 8.96%.

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.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Black Rock itself are offering an average vendor discount of -6.43% to real estate investors.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Black Rock, 3193’s gross rental yield is 2.80%

Property value increases in Black Rock have tracked close to the VIC average of 3.11% over the last 12 months.

Taking the average capital gain, or increase in median house value, Black Rock,3193 has racked up an average of 5.35% over the period. This ranks it number 679th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 6.90%, investors should hope to achieve an overall return of 2.98%

HOUSE UNIT
$1,672,500 $837,500
11.20% 4.04%
8.96% 5.35%
6.95% 6.90%
$900 $480
67 32
2.80% 2.98%
78.05 N/A

Source: CoreLogic

DSR Score for property investment : Very good (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