VIC has seen average median house prices change by 7.80% which means that Black Rock, 3193 has done well for property investors by showing a capital gain of -8.68% over the last year
Black Rock,3193 has offered an average of -8.68% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Black Rock should be aiming for at least -5.56% off the asking price, which is the average vendor discount being achieved at the moment.
A $795 per week rent on the median house gives suburb investors a gross yield of circa 2.76%, without taking into account capital value appreciation, which has been averaging out at 6.20%.
Black Rock has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.84% to date .
Black Rock,3193 was ranked 430 in Australia by increase in median property value over the quarter.
Vendor discounting in Black Rock is giving property investors an average Vendor Discount of around -1.60%. This puts suburb at number 316th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Black Rock the average time real estate has been on the market is 58.71 days.
Property investors should expect to get $472.5 weekly from the median priced house in this suburb.