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.