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Suburb Insights ยท VIC 3350

Black Hill 3350, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Black Hill is a regional centre in Victoria, Australia, with a population of approximately 2,124, making it a boutique locality. Located approximately 100 km from the Melbourne CBD, Black Hill is a regional area in Victoria. The median household income is $76,492 AUD per year (ABS 2021 Census).

Investment Score

36 / 100 Weak

Moderate income levels in Black Hill indicate steady rental demand from working households. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Black Hill, Victoria, Australia.

Key Indicators

Postcode
3350

Official Australia Post postcode for Black Hill. A postcode may cover multiple suburbs.

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Population
2,124

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$290/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$76,492/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
100 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,393/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
78% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Black Hill serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $290/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,393/month. The median household income of $76,492/year reflects a solid demographic, supporting sustainable rental demand. 78% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Black Hill over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Rental yields in Black Hill tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Black Hill face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Black Hill property

Full Property Analysis

30-year projections for Black Hill

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Black Hill may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Black Hill's 2026 outlook. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Black Hill a good suburb for investment?

Black Hill is a regional area in Victoria with a population of 2,124. The median rent is $290/week and the median household income is $76,492/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Black Hill?

Key demand drivers in Black Hill include regional employment hubs, lifestyle, and affordability. 78% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Black Hill?

According to the ABS 2021 Census, Black Hill has a population of approximately 2,124. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Black Hill from the Melbourne CBD?

Black Hill is approximately 100 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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