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Black Hill

POSTAL CODE: VIC, 3350
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Property investors enjoyed capital gains of 0.68% 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 7.25% growth over a ten-year period. It ranks 1777th on our list of suburbs that property investors should look into.

BLACK HILL, 3350 has a capital gain of 0.68% for the past year, which is lower than average compared to its 13.8% growth within a five-year period.

With the median home price in BLACK HILL sitting at $558,750, and the average rent at $420, property owners could potentially earn a 3.91% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BLACK HILL are low, 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.

Surburb overview

Black Hill is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 3 kilometres north-east of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is positioned between Ballarat East and Ballarat North.

According to the 2021 Census, Black Hill had a population of 2,783 residents, reflecting its character as a smaller, established suburb within the Ballarat urban area.

Black Hill developed during the Victorian gold rush of the 1850s, with mining activity shaping the early settlement pattern and contributing to the suburb’s historical significance.

Residential development includes a mix of heritage cottages, mid-20th-century housing and more recent dwellings, with many properties located on elevated terrain.

The suburb takes its name from Black Hill Lookout, a prominent vantage point offering views across Ballarat and the surrounding districts.

Retail and commercial services are generally accessed in nearby Ballarat Central, while smaller local facilities serve day-to-day needs.

Public transport is provided by local bus services connecting Black Hill to Ballarat railway station, which offers V/Line train services to Melbourne’s CBD via the Ballarat line.

Natural features include areas of bushland and proximity to the Yarrowee River corridor, supporting walking trails and passive recreation.

Black Hill experiences a temperate climate with warm summers and cool to cold winters, consistent with Ballarat’s elevated inland setting.

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