Black Rock is in the TOP 30% in VIC when comparing median price capital growth over the last year. Black Rock gave property investors a good capital gain figure when compared to the rest of the state, with 14.30%.
Across a shorter period, Black Rock, 3193 has seen a median price increase of 2.27% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Black Rock, 3193. Typically our figures indicate that -1.32% is being offered, which puts this VIC suburb at 3745th most discounted overall in Australia.
On average over the past year, suburb has had 6.33 sales per month, which equates to 76 per year.
The VIC suburb of Black Rock, 3193 is in the Bayside local government area.
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 7.53%.
Over the longer term, Black Rock has seen property prices show investors a 22.31% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -5.45% to buyers in Black Rock at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $495 mark per week – giving a return of 3.01% based on the median price in Suburb