Thinking about buying in Black Rock? Now could not be a better time, with just 81 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $155,000 with prices in this suburb ranging from $89,000 to $256,000. The aproximate distance to the coast is 57 Km.

Black Rock Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Black Rock driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Black Rock ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Black Rock 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 Rock 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.

Properties for sale Black Rock

	unit 1, 235-237 beach rd, black rock, vic, 3193	4	4	6	Expressions of Interest Close Mon 16 Dec at 4pm
	unit 1, 7 mcgregor av, black rock, vic, 3193	5	2	2	Contact Agent
	24 garnet-leary av, black rock, vic, 3193	3	1	2	$1,950,000 - $2,050,000
	unit 2, 559 balcombe rd, black rock, vic, 3193	3	2	2	1550000
	unit 2, 4 ebden av, black rock, vic, 3193				Contact Agent

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General Points of Interest

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