Suburb Profile Report for Blackburn VIC (3130)

Blackburn House: Median price $1,214,750, Annual capital growth 11.10%, Number of sales 152, Weekly median advertised rent $440

Blackburn Unit: Median price $635,000, Annual capital growth 6.65%, Number of sales 110, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 8.27% which means that Blackburn, 3130 has done well for property investors by showing a capital gain of 1.23% over the last year

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

Blackburn3130 is located in VIC which offers an average discount of -5.91% to property investors. Blackburn itself is showing figures that indicate -10.93% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 12.67 sales per month, which equates to 152 per year.

The VIC suburb of Blackburn, 3130 is in the Whitehorse local government area.

Property investors who have had real estate in Blackburn, 3130 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.31%

Taking the average capital gain, or increase in median house value, Blackburn,3130 has racked up an average of -2.31% over the period. This ranks it number 317th in the whole country for real estate investors looking at median house price increases.

At number 55th of VIC’s most discounted properties, Blackburn is in the bottom 20% of the state/territory when listing in order of most discounted to least.

The VIC suburb of Blackburn, 3130 is in the Whitehorse local government area.

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 leafy suburb within easy access of the CBD and surrounded by lush green trees , the very popular Blackburn Lake with an abundance of native bird life and an excellent mix of 1950’s -1960’s timber and brick homes and plenty of large allotments for development. A wide range of sporting facilities, shopping, schools and public transport.Full summary
A leafy suburb within easy access of the CBD and surrounded by lush green trees , the very popular Blackburn Lake with an abundance of native bird life and an excellent mix of 1950’s -1960’s timber and brick homes and plenty of large allotments for development. A wide range of sporting facilities, shopping, schools and public transport.
 
Selling points: 
Blackburn Lake Sanctuary and the Blackburn Creeklands. Gardiners Creek Track, picnic areas, walking tracks and bike trails.
 
Most sought-after properties: 
  • Original 1950’s weatherboards.
  • 1960’s brick veneer homes.
 
Most common properties:  
  • Original 1950’s weatherboards.
  • 1960’s brick veneer homes.
 
Top amenities: 
  • Blackburn Village.
  • Blackburn Lake Sanctuary.
Local industry and business:
Blackburn Hotel, Jam for Joe Café, Jacaranda Tree Café, Blackburn Village shops. 
 
Best streets: 
Gordon Crescent, Laurel Grove, Glen Ebor Avenue, Fuchsia Street, Elm Street
 
Public transport: 
  • Blackburn train station.
  • Laburnum train station.
Main arteries: 
Maroondah Highway, Canterbury Road, Middleborough Road, Blackburn Road, Central Road.
Close
Metrics i HOUSE UNIT
$1,214,750 $635,000
0.39% -0.16%
1.23% -2.31%
11.10% 6.65%
$440 $380
152 110
1.88% 3.11%
73.16 80.76

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Blackburn VIC
Demographics
Total population 12795
Median household income ($/weekly) 1508
Median age of persons 40
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1567 12.2
    25-34 years 1452 11.3
    35-44 years 1862 14.6
    45-54 years 1833 14.3
    55-64 years 1389 10.9
    Others 4693 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 5063 53.5
    Not Married 3897 41.2
    Defacto Relationship 495 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 9068 74.4
    Croatia 459 3.8
    Indonesia 303 2.5
    United Kingdom 559 4.6
    Other 401 3.3
    Others 1393 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 289 2.5
    Christianity 7006 60.9
    Hinduism 183 1.6
    Other Religious Groups 167 1.5
    No Religion 3746 32.6
    Others 107 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 347 8.3
    $800-$999 355 8.5
    $1,500-$1,999 485 11.6
    $2,000-$2,499 395 9.4
    $2,500-$2,999 508 12.1
    Others 2098 50.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3619 36.7
    Not in the labour force 3447 34.9
    Employed, worked part-time 2187 22.2
    Employed, away from work 341 3.5
    Unemployed, looking for work 279 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 901 14.7
    Professionals 2164 35.2
    Community & personal service workers 536 8.7
    Clerical & administrative workers 884 14.4
    Sales 581 9.5
    Others 1081 17.6
    Occupation
    Census Count Percent(%)
    Pre-school 273 8.4
    Infants/Primary 1035 31.7
    Secondary 847 25.9
    Technical or Further Educational Institution 232 7.1
    University or other Tertiary Institutions 781 23.9
    Others 99 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9734 82.2
    Semi-detached, row or terrace house, townhouse 1420 12.0
    Flat, unit or apartment 669 5.7
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2031 44.5
    Being purchased 1525 33.4
    Rented 977 21.4
    Other tenure type 28 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals