Black Rock is a mid-sized suburb in Victoria within the Bayside (Vic.) local government area (postcode 3193). With a population of 6,389, the suburb has a mature demographic with a median age of 49. Households earn a median income of $126K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Black Rock is $2.4 million, having increased 4.3% over the past year. Units have a median price of $1.2 million (+2.5% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,897.
Black Rock is served by 1 school, including 1 primary. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Black Rock offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +4.3% year-on-year.
Black Rock is a mid-sized suburb in Victoria within the Bayside (Vic.) local government area (postcode 3193). With a population of 6,389, the suburb has a mature demographic with a median age of 49. Households earn a median income of $126K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Black Rock is $2.4 million, having increased 4.3% over the past year. Units have a median price of $1.2 million (+2.5% YoY). The current median weekly rent is $688. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,897.
Black Rock is served by 1 school, including 1 primary. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Bayside (Vic.) LGA is moderate at 5,194 incidents per 100,000 population.
From an investment perspective, Black Rock offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.4M/$875K), placing it in the premium segment. The price-to-income ratio of 19.1x is considered stretched. House prices have moved +4.3% year-on-year.