Black Rock is in the bottom 40% in VIC when comparing median price capital growth over the last year. Black Rock gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.76%.
If we look at median property appreciation over just the last three months, Black Rock has given property investors a paper return of -2.93%. This puts Suburb as 608 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Black Rock is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 672th in terms of most discounted suburbs in VIC
In the last year 76 properties changed hands in Black Rock, which puts it as the 345th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $795 and the average annual increase in value of a median property of 6.59%, investors should hope to achieve an overall return of 2.12%
Investment property in Black Rock has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.63%
Black Rock,3193 was ranked 708 in Australia by increase in median property value over the quarter.
The most recent median price for Black Rock is $885000, with sellers offering an average of -1.11% off the asking price.
Residents and property investors in Black Rock have been waiting around 100 days to sell a property.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 4.17%, investors should hope to achieve an overall return of 2.94%