Thinking about buying in Black Hill? Now could not be a better time, with just 121 residential dwellings it's a highly sought after location.
The average property price for this area is $589,000 with prices in this suburb ranging from $217,000 to $760,000.
Distance to the coast is 80 Km.
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Black Hill are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Black Hill classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Black Hill requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|510B NICHOLSON ST, BLACK HILL, VIC, 3350||2||1||$485,000 - $505,000|
|UNIT 1, 312 PEEL ST NORTH, BLACK HILL, VIC, 3350||3||1||1||For Sale $575,000 - $595,000|
|UNIT 5, 519 PEEL ST NORTH, BLACK HILL, VIC, 3350||2||1||1||$395,000 - $425,000|
|UNIT 1, 604 HAVELOCK ST, BLACK HILL, VIC, 3350||2||1||1||$375,000 - $395,000|
|515 PEEL ST NORTH, BLACK HILL, VIC, 3350||3||1||1||$419,000 - $449,000|
|UNIT 1, 508 SHERRARD ST, BLACK HILL, VIC, 3350||2||1||1||$355,000 - $380,000|
|615 SHERRARD ST, BLACK HILL, VIC, 3350||3||1||3||$599,000 - $640,000|
|306 CHISHOLM ST, BLACK HILL, VIC, 3350||3||2||2||545000|
None within suburb boundary(While the above schools are located with the suburb of Black Hill there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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