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.