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AREA REPORTS

Blackburn

Suburb Profile

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

house
unit
BLACKBURN ranks 154th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -6.01% for the past year is lower than average compared to its 36.22% growth within a five-year period.

Also in BLACKBURN, the median home price is sitting at $1,260,000, and the average rent at $495, this suggests property owners could potentially earn a 2.04% increase in gross rental yield.

Property investors have seen a 7.69% gain in BLACKBURN based on an increase 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 7.66% growth over a ten-year period. It ranks 319th 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 $1,260,000 $687,500
GROWTH REPORT
Median Quarterly 7.69% -0.8%
Median 12 month -6.01% -1.17%
Median 3 years 4.02% 8.27%
Median 5 years 36.22% 31.89%
10 years average annual 7.66% 4.28%
Weekly media advert. rent $495 $420
Time on Market 55.8 days 70.9 days
Gross Rental Yield Percent 2.04% 3.18%
demographics (median values)
Total Population
11961
Weekly Household Income
1170
Household Size
2.50
demographics
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