Black Hill is a rural locality and suburb of Newcastle, located 26 kilometres northwest of Newcastle’s central business district.
Black Hill is approximately 45.7 square kilometres. It has 18 parks covering nearly 11.7% of total area. The population of Black Hill in 2016 was 564. The predominant age group in Black Hill is 60-69 years. Households in Black Hill are primarily couples with children and are likely to be repaying $3000 – $3999 per month on mortgage repayments. In general, people in Black Hill work in a professional occupation. In 2011, 85.8% of the homes in Black Hill were owner-occupied compared with 88.5% in 2016.
Currently the median sales price of houses in the area is $860,000.
Houses in Black Hill rent out for an average of $377 PW with an annual rental yield of 3.4% and units rent for $317 PW with a rental yield of 3.2%.
Based on five years of sales, Black Hill has seen a compound growth rate of 21.5% for houses and 22.8% for units.
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