If you compare the increase in value of investment property in Black Hill, 3350 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.95%.
Taking the average capital gain, or increase in median house value, Black Hill,3350 has racked up an average of 13.95% over the period. This ranks it number 2704th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Black Hill should be aiming for at least -6.56% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 4.33%, investors should hope to achieve an overall return of 4.50%
The five-year average increase in median property values for Black Hill,3350 has given property investors a potential capital gain of -1.72% across each of those five years.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Renters in Suburb are facing rents around $3120 per annum or $260 every week.