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%