Thinking about buying in Black Hill? Now could not be a better time, with 1210 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $662,000 with prices in this suburb ranging from $184,000 to $2,208,000.
Distance to the coast is 73 Km.
|Median Weekly Rent||$291.09|
|Median Monthly Mortgage||$1378.27|
|Median Persons Per Bedroom||0.73|
|Average Household Size||2.00|
|Average Cars Per Dwelling||1.54|
|Average Properties Within 50M||11|
|1 Bed $435,000|
|2 Bed $518,000|
|3 Bed $665,000|
|4 Bed $895,000|
|5 Bed $899,000|
In Black Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Black Hill is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Black Hill leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Black Hill necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Black Hill the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Black Hill Primary School
St Columba's School
Ballarat North Primary School
Macarthur Street Primary School
St Alipius' Parish School
Caledonian Primary School
Ballarat Primary School (Dana Street)
Little Bendigo Primary School
St Patrick's School(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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