Suburb Profile Report for Blackburn North VIC (3130)

Blackburn North House: Median price $1,057,500, Annual capital growth 8.08%, Number of sales 85, Weekly median advertised rent $450

Blackburn North Unit: Median price $745,000, Annual capital growth 7.27%, Number of sales 11, Weekly median advertised rent $490

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

Investment property in Blackburn North has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.24%

When looking at the potential capital gains offered to property investors over the last 3 years, Blackburn North comes in at number 503th in VIC.

Property investors looking for a bargain in Blackburn North should be aiming for at least -9.55% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Blackburn North the average time real estate has been on the market is 60.4 days.

With the median price for a house in Blackburn North being $1057500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.21%

Giving property investors a a poor capital gain of -8.02% for the last year, Blackburn North, 3130 is the 1332th highest performer in Australia in this respect.

Across a shorter period, Blackburn North, 3130 has seen a median price increase of -2.93% over the last quarter.

Vendor discounting in Blackburn North is giving property investors an average Vendor Discount of around -16.56%. This puts suburb at number 4th in VIC when ranking the most discounted suburbs.

Residents and property investors in Blackburn North have been waiting around 77.66 days to sell a property.

Blackburn North is 290th on a list of best yielding suburbs for rents in VIC with a 3.42% return

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
Metrics i HOUSE UNIT
$1,057,500 $745,000
-8.12% -2.93%
-7.24% -8.02%
8.08% 7.27%
$450 $490
85 11
2.21% 3.42%
60.4 77.66

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Balanced (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