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Black Rock
AREA REPORTS

Black Rock

Black Rock - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3193

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 29.2% 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 $2,500,000

The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $877.5.

Home owners selling their properties and realtors in BLACK ROCK usually have to wait an average of 47.0 days days before their assets are lifted off the market.

The VIC suburb ranks 540th on the list of best yielding suburbs for rental properties in VIC, posting a 1.83% return.

It also places places 102nd in Australia based on median property value growth during the quarter.

Data report can be found below

Black Rock
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,500,000 $1,250,000
GROWTH REPORT
Median Quarterly 8.46% 14%
Median 12 month 28.53% 23.76%
Median 3 years 29.2% 22.55%
Median 5 years 44.51% 47.06%
10 years average annual 7.81% 6.6%
Weekly media advert. rent $877.5 $570
Time on Market 47.0 days 79.5 days
Gross Rental Yield Percent 1.83% 2.37%
demographics (median values)*
Total Population
19508
Weekly Household Income
2179
Household Size
2.70
Age
46
Monthly Loan Repayment
2500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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