VIC/
Blackburn

Suburb Profile

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

house
unit
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 14.88% for the past year is lower than average compared to its 84.84% growth within a five-year period.

Also in BLACKBURN, the median home price is sitting at $1,390,000, and the average rent at $450, this suggests property owners could potentially earn a 1.68% increase in gross rental yield.

Property investors have seen a 4.22% 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 14.88%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 10.29% growth over a ten-year period. It ranks 22nd on our list of suburbs that property investors should look into.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,390,000 $615,000
GROWTH REPORT
Median Quarterly 4.22% -1.76%
Median 12 month 14.88% 2.59%
Median 3 years 54.44% 20.23%
Median 5 years 84.84% 24.24%
10 years average annual 10.29% 5.88%
Weekly media advert. rent $450 $390
Time on Market 76.0 days 67.4 days
Gross Rental Yield Percent 1.68% 3.3%
demographics (median values)
Total Population
11961
Weekly Household Income
1170
Household Size
2.50
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