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Black Hill

The Black Hill property market has performed strongly over the past 12 months to August 2019.

There have been 56 properties listed over the past 12 months, while 35 have sold. This compares to 78 listings for the same time last year, and 65 sales.

The current median sales price of a house in Black Hill is $460,000. This represents growth of 15% over the past 12 months.

The time it takes to sell a house in Black Hill is currently 36 days. This timing is 8 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is NA. Apartment prices have flattened by NA over the past 12 months. The time it takes to sell a unit in Black Hill is currently days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$371,250
(8)
NA
2$492,500
(28)
$215,000
(7)

Median Sales

House
Unit
$400,000

Aug 2018
(12 months)

$460,000

Aug 2019
(12 months)

$238,500

Aug 2018
(12 months)

NA

Aug 2019
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

51
Aug 2018
(12 months)
31
Aug 2019
(12 months)

-39.2%

MOVEMENT


14
Aug 2018
(12 months)
4
Aug 2019
(12 months)

-71.4%

MOVEMENT

Number of Listings

 House Listings Unit Listings
42
7
28
Days on Market

Rentals

Rental Yield

3.6%

Median Asking Rent

$320
per week

Percentage Rented

HOUSES & UNITS
36.6%

Population

Population
2,118

Family Composition

CHILDLESS COUPLE

38%

COUPLES WITH CHILDREN

39.3%

SINGLE PARENTS

21.3%

OTHER

0.6%

Tenure Type

RENTING

36.6%

OWNS OUTRIGHT

29.1%

PURCHASING

32.1%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Sep 18 - Aug 19 unless otherwise stated. For listings, 1 Nov 18 - Oct 19.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.