VIC has seen average median house prices change by 8.12% which means that Black Rock, 3193 has done well for property investors by showing a capital gain of 10.68% over the last year
While Black Rock,3193 ranked number 20th in VIC for increase in median house value (annualised) increase, it is ranked 164th over the last 5 years.
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 -4.12% is being offered, which puts this VIC suburb at 3169th most discounted overall in Australia.
Using the current median advertised rental of $887.5 and the average annual increase in value of a median property of 7.34%, investors should hope to achieve an overall return of 2.70%
Property value increases in Black Rock have tracked just higher than the VIC average of 2.98% over the last 12 months.
A 36.54% growth in median value for property investors in Black Rock,3193 puts this suburb at number 38th in terms of best performing suburbs in VIC
Renters in Suburb are facing rents around $5760 per annum or $480 every week.