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BlackburnBlackburn - SUBURB PROFILE REPORT
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The suburb’s capital gain of 7.3% for the past year is higher than average compared to its 20.95% growth within a five-year period.
Also in BLACKBURN, the median home price is sitting at $1,455,000, and the average rent at $465, this suggests property owners could potentially earn a 1.66% increase in gross rental yield.
Property investors have seen a 3.34% 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 6.15% growth over a ten-year period. It ranks 1544th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,455,000 | $735,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.34% | 3.16% |
| Median 12 month | 7.3% | 6.91% |
| Median 3 years | 3.19% | -0.68% |
| Median 5 years | 20.95% | 13.69% |
| 10 years average annual | 6.15% | 4.5% |
| Weekly media advert. rent | $465 | $390 |
| Time on Market | 47.7 days | 70.2 days |
| Gross Rental Yield Percent | 1.66% | 2.76% |
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