Black Hill Property Management
Black Hill is a very small rural suburb located in the outskirts of Newcastle in New South Wales, Australia. It is 26 km. from the Central Business District (CBD) and is a part of city of Newcastle and City of Cessnock government area. It is situated just off John Renshaw Drive, and is only 10 kms. from Beresfield.
This small suburb has a population of 560 people according to 2016 census. Most of the amenities like childcare, library and commercial centre are located in nearby Beresfield. There is a Black Hill Primary School here, and transport buses from Hunter Valley service this school. Most of the population comprises of senior residents.
Real Estate in Black Hill
Median selling price for houses in Black Hill is $1,500,000. This is at an impressive growth rate of 21.7% compared to previous year. Median selling price of homes in 2017-18 was $1,150,000. Total of 5 houses were sold in the period Apr 2018 - Mar 2019. Average rental for homes is $680 per week. Rentals are growing at 2.5% annually. Number of current home rentals is just three.
Purchased and fully-owned properties are 85% of all real estate here. 13% of properties are rented out as per 2016 data of ABS (Australian Bureau of Statistics).
Black Hill properties are a good investment option for its return on investment. It is perfect for property management.
Population in Black Hill
Black Hill has more of middle-aged and older residents along with a mix of a few families. Families include 96% couples. 37% of them have no children, and 4% are one-parent homes. Seniors above the age of 60 are about 145 people. Between 40 to 59 years, there are 185 people, and between 20 to 39 years there are more than 75 people. Below 5 years, there are 25 little kids and babies while between 5 to 19 years, there are 140 children and teens. Weekly household income is $1500+ for about 110 people. The same is between $500 to $1449 per week for another 40 people. The remaining earn below $499 per week. 58% of the suburb’s residents are employed in either full-time or part-time work. 65% of them drive their car to work. 28% of them are not in labour force accounting for the students and babies and 5% people are unemployed.
As far as homes are concerned, 49% homes are fully owned. 36% people are purchasing homes and 2% are renting accommodations. If you are looking for property managers, No Bull Real Estate is the right choice for you. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing residential, commercial, industrial property call today