With a capital gain of 17.54% for the last 12 months, Black Rock, 3193 has performed for property investments than its average annual 7.18% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Black Rock comes in at number 377th in VIC.
Property investors looking for a bargain in Black Rock should be aiming for at least -3.90% off the asking price, which is the average vendor discount being achieved at the moment.
A $875 per week rent on the median house gives suburb investors a gross yield of circa 2.19%, without taking into account capital value appreciation, which has been averaging out at 7.18%.
VIC has seen average median house prices change by 7.73% which means that Black Rock, 3193 has done well for property investors by showing a capital gain of -1.86% over the last year
While Black Rock,3193 ranked number 79th in VIC for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.
At number 233th of VIC’s most discounted properties, Black Rock is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Black Rock the average time real estate has been on the market is 47.03 days.
Black Rock, 3193’s gross rental yield is 2.76%