Question 1

Is Black Hill a nice place to live?

Accepted Answer

Black Hill is a leafy, elevated suburb east of Ballarat centred on the volcanic Black Hill Reserve, whose walking tracks and lookouts give the area an outdoor focus and broad city views. Residential streets mix older weatherboard and brick homes with pockets of newer infill on sloping blocks, and the suburb appeals to families and professionals seeking a quieter, semi-rural feel while staying close to Ballarat’s shops, schools and services. It is home to 2,124 people with a median age of 40, and homes are predominantly owner-occupied (64.3% combined) though about 35.8% are rented. Local parks, native vegetation and road and bus links shape daily life, and council projects include an adopted master plan for the reserve, upgrades to Peel Street Reserve, a kindergarten expansion, a planned public toilet on Chisholm Street and the outdoor pool’s inclusion in the council’s free-entry summer program. Whether Black Hill suits you comes down to what you value in a suburb.

Question 2

Is it expensive to live in Black Hill?

Accepted Answer

On the figures for Black Hill, a median house price of $608,000 works out to about 7.9 times a typical local annual household income at the last Census (weekly household income $1,471 × 52 = $76,492). Renting a house at about $440 a week would take roughly 29.9% of a typical local household's weekly income at the last Census, which is just under a third and sits in the moderate range. So buying here looks considerably more stretched against what local households earned at the last Census than renting does, though whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Black Hill a good place to invest?

Accepted Answer

In Black Hill over the past 12 months, house values rose 14.9% and house rents increased 10.0%. Both moves are strong by the usual bands, with capital growth (the change in value) outpacing rental growth this year. If capital gains are your focus, the value change is the key figure; if you prioritise income, the rent change is the one to watch. Whether that balance suits you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$608K	N/A
Change in value Past 12 months	14.9%	N/A
Sold Past 3 months	11	2
Median days on market Past 12 months	41	N/A
Average rent Past 12 months	$440	N/A
Change in rent Past 12 months	10.0%	N/A

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