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Black Rock

The Black Rock property market has performed strongly over the past 12 months to June 2020.

There have been 132 properties listed over the past 12 months, while 109 have sold. This compares to 122 listings for the same time last year, and 70 sales.

The current median sales price of a house in Black Rock is $1,743,500. This represents a decline of -0.4% over the past 12 months.

The time it takes to sell a house in Black Rock is currently 53 days. This timing is 25 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $1,050,000. Apartment prices have risen by 8.8% over the past 12 months. The time it takes to sell a unit in Black Rock is currently 34 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$2,250,000
(25)
$920,000
(36)
2$1,600,000
(26)
$1,170,000
(21)

Median Sales

House
Unit
$1,750,000

Jun 2019
(12 months)

$1,743,500

Jun 2020
(12 months)

$965,000

Jun 2019
(12 months)

$1,050,000

Jun 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

55
Jun 2019
(12 months)
65
Jun 2020
(12 months)

18.2%

MOVEMENT


15
Jun 2019
(12 months)
44
Jun 2020
(12 months)

193.3%

MOVEMENT

Number of Listings

 House Listings Unit Listings
65
67
45
Days on Market

Rentals

Rental Yield

2.4%

Median Asking Rent

$825
per week

Percentage Rented

HOUSES & UNITS
19.5%

Rental Yield

2.4%

Median Asking Rent

$500
per week

Population

Population
6,172

Family Composition

CHILDLESS COUPLE

39.8%

COUPLES WITH CHILDREN

49%

SINGLE PARENTS

9.6%

OTHER

0.9%

Tenure Type

RENTING

19.5%

OWNS OUTRIGHT

46.2%

PURCHASING

31.2%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Jul 19 - Jun 20 unless otherwise stated. For listings, 1 Sep 19 - Aug 20.

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.