BLACKBURN NORTH, 3130 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling BLACKBURN NORTH, 3130 values up and netting property investors a capital gain of 10.79% for the past year.
Investors saw the median home price rise to $1,145,250.
Profits due to an upward trend in home prices in the suburb averaged 14.9% per annum over a 3-year period.
BLACKBURN NORTH now ranks at the 494th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BLACKBURN NORTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $445 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BLACKBURN NORTH, homes and units usually stay on listing for an average of 45.2 days.
In 2016, 86 properties were sold in BLACKBURN NORTH during the past year, making it the 39th most active market in VIC based on total real estate transactions.
BLACKBURN NORTH ranks 101st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
BLACKBURN NORTH, 3130 has a capital gain of 13.53% for the past year, which is higher than average compared to its 67.44% growth within a five-year period.
BLACKBURN NORTH, 3130 ranks 353rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.53% for property investors last year.
With the median home price in BLACKBURN NORTH sitting at $797,000, and the average rent at $420, property owners could potentially earn a 2.74% increase in gross rental yield.
Property investors have seen a 1.53% gain in BLACKBURN NORTH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BLACKBURN NORTH, 3130 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.53%.
A survey of average capital gains or median home price increase in suburbs across the country shows that BLACKBURN NORTH, 3130 obtained a 8.43% growth over a ten-year period. It ranks 112th on our list of suburbs that property investors should look into.