Suburb Profile Report for Blackburn North VIC (3130)

Blackburn North House: Median price $950,000, Annual capital growth 10.69%, Number of sales 79, Weekly median advertised rent $420

Blackburn North Unit: Median price $712,500, Annual capital growth 8.89%, Number of sales 30, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Blackburn North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.70%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackburn North has increased when compared to the 5 year average annual rate.

At number 343th of VIC’s most discounted properties, Blackburn North is in the middle of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Blackburn North has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.04% to date .

Blackburn North,3130 was ranked 1102 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -1.19% to buyers in Blackburn North at the moment, which is less than average for the rest of VIC.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 8.89%, investors should hope to achieve an overall return of 2.92%

Dane Seeley Information supplied by:

Dane Seeley
Philip Webb

M 0413 957 365
O 9874 3355

W http://www.philipwebb.com.au/
E dseeley@philipwebb.com.au
A great place to raise a family with great parks and schools and a real feeling of community. Small cafe's are easy to find and very close to Doncaster Shoppingtown, Forrest Hill Chase and North Blackburn Square as well.Full summary
A great place to raise a family with great parks and schools and a real feeling of community. Small cafe's are easy to find and very close to Doncaster Shoppingtown, Forrest Hill Chase and North Blackburn Square as well.
 
Selling points: 
Wide green and leafy streets, Koonung Creek Trail bicycle tracks, sports and recreation facilities (Koonung Reserve & Slater Reserve).
 
Most sought-after properties: 
  • 1960’s brick veneer houses.
  • 1950’s character weatherboard homes.
  • Anything with the potential to renovate or re-develop.
Most common properties:  
  • 1960’s brick veneer houses.
  • 1950’s character weatherboard homes.
Top amenities: 
  • North Blackburn Shopping Centre.
  • Old Orchard Primary School.
  • St Phillips Catholic Primary School.
 
Local industry and business:
Small strip shopping areas exist in Raymond Street, Katrina Street, and Diana Drive.
 
Recent changes: 
Original properties being re-developed into multi dwelling allotments ie. Townhouses & units.
 
Best streets: 
Koonung Road, Douglas Street, Shafer Road, Lane Street, Middlefield Road
 
Public transport: 
  • Easy access to Blackburn and Laburnum train stations.
  • Bus routes 270/271 provide access to Box Hill Centro & Eastland Ringwood.
Main arteries: 
Springfield Road, Middleborough Road, Surrey Road.
Close
HOUSE UNIT
$950,000 $712,500
0.64% -1.04%
11.70% -0.04%
10.69% 8.89%
$420 $400
79 30
2.30% 2.92%
58.1 33.8

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Blackburn North VIC
Demographics
Total population 7027
Median household income ($/weekly) 1315
Median age of persons 38
Median housing loan repayment ($/monthly) 1842
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 969 13.8
    25-34 years 843 12.0
    35-44 years 1140 16.2
    45-54 years 992 14.1
    55-64 years 622 8.9
    Others 2461 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 2954 56.4
    Not Married 2030 38.7
    Defacto Relationship 258 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4712 69.2
    Croatia 357 5.2
    Malta 152 2.2
    United Kingdom 224 3.3
    Other 275 4.0
    Others 1090 16.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 284 4.4
    Christianity 4135 63.9
    Hinduism 126 1.9
    Other Religious Groups 68 1.1
    No Religion 1793 27.7
    Others 63 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 241 10.4
    $600-$799 219 9.4
    $1,500-$1,999 289 12.5
    $2,000-$2,499 235 10.1
    $2,500-$2,999 223 9.6
    Others 1114 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2018 37.9
    Not in the labour force 1958 36.8
    Employed, worked part-time 1051 19.8
    Employed, away from work 156 2.9
    Unemployed, looking for work 137 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 419 13.0
    Professionals 912 28.3
    Technicians & trades workers 405 12.6
    Clerical & administrative workers 507 15.7
    Sales 304 9.4
    Others 678 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 175 9.8
    Infants/Primary 657 36.6
    Secondary 464 25.9
    Technical or Further Educational Institution 117 6.5
    University or other Tertiary Institutions 305 17.0
    Others 76 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6263 92.2
    Flat, unit or apartment 353 5.2
    Semi-detached, row or terrace house, townhouse 170 2.5
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1096 43.9
    Being purchased 916 36.7
    Rented 471 18.9
    Other tenure type 13 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals