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Black Rock

POSTAL CODE: VIC, 3193
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A steady increase in median property prices over a five-year period in the suburb translates to a -9.22% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,315,000

The augmented property values in the suburb are trailing behind the territorial average of 3.22% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1495.

Home owners selling their properties and realtors in BLACK ROCK usually have to wait an average of 78.4 days days before their assets are lifted off the market.

The VIC suburb ranks 356th on the list of best yielding suburbs for rental properties in VIC, posting a 3.36% return.

It also places places 511th in Australia based on median property value growth during the quarter.

Surburb overview

Black Rock is a bayside suburb in Melbourne’s south-east, located about 18 kilometres from the Melbourne central business district.

The suburb is within the City of Bayside and is bordered by Sandringham to the north, Beaumaris to the south, Cheltenham to the east and Port Phillip Bay to the west.

Black Rock combines established residential areas with a coastal village centre and prominent natural landmarks.

Census data indicates Black Rock has a moderate population with a demographic profile that includes families, professionals and a higher proportion of older residents.

The median age is above the Melbourne average, reflecting long-term owner-occupiers alongside newer households.

Housing is predominantly detached dwellings on established blocks, with limited townhouse and low-rise apartment development closer to main roads and the village centre.

Public transport access is provided primarily by bus services. Bus routes operate along Beach Road and Balcombe Road, connecting residents to Sandringham, Cheltenham and nearby railway stations on the Sandringham and Frankston lines.

Travel to the city typically involves a bus-to-train connection, with overall journey times varying by route and peak conditions.

Local amenities are focused around Black Rock Village near Beach Road. The shopping strip includes supermarkets, cafés, restaurants, medical services and everyday retail.

Additional shopping and professional services are available in Sandringham, Beaumaris and Cheltenham, including the regional Southland Shopping Centre.

Primary schools are located within or near the suburb, while secondary schools are accessed in surrounding areas.

Recreation and open space are central to Black Rock’s character. Black Rock Beach and Half Moon Bay support swimming, boating, walking and coastal recreation.

The Red Bluff cliffs and surrounding foreshore reserves provide scenic walking tracks and lookouts. Local parks, sporting clubs and nearby marine and coastal environments contribute to a range of organised and informal recreational activities.

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