Property investors enjoyed capital gains of 24.79% over the last 12 months in BLACK HILL, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.49% growth over a ten-year period. It ranks 1397th on our list of suburbs that property investors should look into.
BLACK HILL, 3350 has a capital gain of 24.79% for the past year, which is higher than average compared to its 28.98% growth within a five-year period.
With the median home price in BLACK HILL sitting at $365,000, and the average rent at $295, property owners could potentially earn a 4.2% increase in gross rental yield.
A 24.79% increase in median property prices in BLACK HILL, 3350 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 49th.
Figures from the previous quarter show that capital gains for real estate buyers in BLACK HILL are high, as opposed to average gains per annum over the past five years.
BLACK HILL, 3350 in VIC belongs to the local government area of Ballarat.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.79%||N/A|
|Median 3 years||14.06%||22.58%|
|Median 5 years||28.98%||-0.52%|
|10 years average annual||5.49%||N/A|
|Weekly media advert. rent||$295||$265|
|Time on Market||47.6 days||0.0 days|
|Gross Rental Yield Percent||4.2%||4.78%|