Suburb Profile Report for Black Hill VIC (3350)

Black Hill House: Median price $335,000, Annual capital growth 4.33%, Number of sales 55, Weekly median advertised rent $290

Black Hill Unit: Median price $285,000, Annual capital growth N/A, Number of sales 13, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$335,000 $285,000
3.08% N/A
13.95% N/A
4.33% N/A
$290 $260
55 13
4.50% 4.74%
75.74 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 2131
Median household income ($/weekly) 1009
Median age of persons 39
Median housing loan repayment ($/monthly) 1349
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 275 12.9
    25-34 years 298 14.0
    35-44 years 268 12.6
    45-54 years 306 14.4
    55-64 years 250 11.7
    Others 734 34.4
    Age Group
    Census Count Percent(%)
    Not Married 664 44.8
    Registered Married 631 42.5
    Defacto Relationship 188 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1826 90.4
    Croatia 14 0.7
    Indonesia 15 0.7
    United Kingdom 69 3.4
    Other 18 0.9
    Others 79 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 7 0.4
    Christianity 1231 65.2
    Hinduism 10 0.5
    Other Religious Groups 16 0.8
    No Religion 613 32.5
    Others 11 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 108 14.4
    $600-$799 84 11.2
    $800-$999 77 10.3
    $1,000-$1,249 82 10.9
    $1,500-$1,999 82 10.9
    Others 317 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 588 36.3
    Employed, worked full-time 575 35.5
    Employed, worked part-time 331 20.4
    Unemployed, looking for work 75 4.6
    Employed, away from work 52 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 107 11.1
    Professionals 240 25.0
    Technicians & trades workers 126 13.1
    Community & personal service workers 107 11.1
    Clerical & administrative workers 139 14.5
    Others 241 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.5
    Infants/Primary 183 36.3
    Secondary 140 27.8
    Technical or Further Educational Institution 27 5.4
    University or other Tertiary Institutions 105 20.8
    Others 16 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1633 85.4
    Flat, unit or apartment 163 8.5
    Semi-detached, row or terrace house, townhouse 116 6.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 281 35.2
    Being purchased 261 32.7
    Fully owned 253 31.7
    Other tenure type 4 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals