AREA REPORTS

Blackburn

Suburb Profile

Blackburn - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3130

house
unit
BLACKBURN ranks 350th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,399,000 $530,000
GROWTH REPORT
Median Quarterly -0.78% -12.4%
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%
demographics (median values)
Total Population
11961
Weekly Household Income
1170
Household Size
2.50
demographics
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