Suburb Profile Report for Black Hill VIC (3350)

Black Hill House: Median price $400,000, Annual capital growth 6.85%, Number of sales 41, Weekly median advertised rent $310

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

With a capital gain of 12.50% for the last 12 months, Black Hill, 3350 has performed for property investments than its average annual 7.05% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Black Hill comes in at number 193th in VIC.

Property buyers and investors in Black Hill 3350 should be seeing an average reduction in asking price of around -5.33% . This means that Black Hill is holding prices well when compared to other suburbs in VIC.

In the last year 40 properties changed hands in Black Hill, which puts it as the 468th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Black Hill being $411750 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 3.79%

Metrics i HOUSE UNIT
$400,000 N/A
0.00% N/A
8.11% N/A
6.85% N/A
$310 N/A
41 N/A
4.03% N/A
31.766666 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Good (U)
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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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