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Blackburn

POSTAL CODE: VIC, 3130
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BLACKBURN ranks 73rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 11.06% for the past year is higher than average compared to its 33.11% growth within a five-year period.

Also in BLACKBURN, the median home price is sitting at $1,411,000, and the average rent at $660, this suggests property owners could potentially earn a 2.43% increase in gross rental yield.

Property investors have seen a 3.29% gain in BLACKBURN based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on BLACKBURN, 3130 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.06%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.78% growth over a ten-year period. It ranks 3216th on our list of suburbs that property investors should look into.

Surburb overview

Blackburn is a suburb in the City of Whitehorse, approximately 16 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 14,478.

The suburb is known for its green, leafy environment. It offers a family-friendly atmosphere with a strong focus on community and lifestyle. Blackburn boasts several significant bushland parks, including the Blackburn Lake Sanctuary, Blackburn Creeklands Park, and Cootamundra Walk, which provide residents with ample outdoor activities and nature appreciation opportunities.

Educational facilities in Blackburn are well-regarded. Institutions such as Blackburn High School, known for its excellent music and arts programs, and a variety of state-run and Catholic primary schools ensure accessible, quality education for families in the area.

In terms of transportation, Blackburn is well-served by public transit options. The suburb contains two railway stations, Laburnum and Blackburn, on the Belgrave and Lilydale lines, providing residents convenient access to Melbourne and surrounding areas. Multiple bus routes, including the 901 SmartBus, connect Blackburn to neighbouring suburbs and key destinations such as Frankston, Dandenong, and Melbourne Airport.

Various retail and commercial establishments support the local economy. While Blackburn itself offers a range of shopping and dining options, the central shopping hub of Box Hill is just two train stops away, providing residents with access to a broader array of retail, dining, and entertainment facilities.

Blackburn offers a variety of property types, including standalone houses, townhouses, and apartments. As of January 2020, the median price for a three-bedroom house in Blackburn was approximately A$1.03 million.

Blackburn combines natural beauty, quality education, and convenient transportation options, making it an attractive suburb for families and individuals seeking a balanced lifestyle.

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