If you compare the increase in value of investment property in Black Rock, 3193 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.10%.
Comparing Black Rock,3193 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Black Rock itself are offering an average vendor discount of -8.32% to real estate investors.
Situated 18.22km from the CBD, Black Rock is one of Bayside (C) localities in the postcode 3193.
VIC has seen average median house prices change by 7.35% which means that Black Rock, 3193 has done well for property investors by showing a capital gain of -13.06% over the last year
If we look at median property appreciation over just the last three months, Black Rock has given property investors a paper return of -8.10%. This puts Suburb as 358 on a list of fastest fasting appreciating suburbs in VIC