Suburb Profile Report for Blackburn VIC (3130)

Blackburn House: Median price $1,251,000, Annual capital growth 11.63%, Number of sales 157, Weekly median advertised rent $450

Blackburn Unit: Median price $640,000, Annual capital growth 6.51%, Number of sales 116, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Blackburn, 3130 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.18%

Over the longer term, Blackburn has seen property prices show investors a 45.47% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Blackburn itself are offering an average vendor discount of -9.53% to real estate investors.

Blackburn, 3130’s gross rental yield is 1.87%

VIC has seen average median house prices change by 4.26% which means that Blackburn, 3130 has done well for property investors by showing a capital gain of 0.00% 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.

Blackburn, 3130 is offering VIC ‘s 129th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 6.51%, investors should hope to achieve an overall return of 3.09%

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
$1,251,000 $640,000
1.71% 0.16%
3.18% 0.00%
11.63% 6.51%
$450 $380
157 116
1.87% 3.09%
82.37 70.6

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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
Chart Table
Recent sales & rentals