Suburb Profile Report for Black Hill VIC (3350)

Black Hill House: Median price $376,500, Annual capital growth 6.45%, Number of sales 56, Weekly median advertised rent $300

Black Hill Unit: Median price $225,000, Annual capital growth 0.01%, Number of sales 16, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Black Hill have tracked just higher than the VIC average of 10.47% over the last 12 months.

While Black Hill,3350 ranked number 342th in VIC for increase in median house value (annualised) increase, it is ranked 388th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Black Hill is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 259th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Investment property in Black Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -21.53%

If we look at median property appreciation over just the last three months, Black Hill has given property investors a paper return of -19.64%. This puts Suburb as 378 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Black Hill is giving property investors an average Vendor Discount of around -6.62%. This puts suburb at number 44th in VIC when ranking the most discounted suburbs.

Residents and property investors in Black Hill have been waiting around 115.33 days to sell a property.

Metrics i HOUSE UNIT
$376,500 $225,000
1.76% -19.64%
14.61% -21.53%
6.45% 0.01%
$300 $245
56 16
4.14% 5.66%
40.44 115.33

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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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