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The suburb’s capital gain of 1.16% for the past year is lower than average compared to its 83.84% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,399,000, and the average rent at $477.5, this suggests property owners could potentially earn a 1.77% increase in gross rental yield.
Property investors have seen a -0.78% drop in BLACKBURN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.32% growth over a ten-year period. It ranks 261st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.16%||-16.21%|
|Median 3 years||32.54%||-3.64%|
|Median 5 years||83.84%||9.84%|
|10 years average annual||8.32%||2.66%|
|Weekly media advert. rent||$477.5||$395|
|Time on Market||68.1 days||71.0 days|
|Gross Rental Yield Percent||1.77%||3.88%|
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