Blackburn North

POSTAL CODE: VIC, 3130
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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 11.1% for the past year.

Investors saw the median home price rise to $1,411,000.

Profits due to an upward trend in home prices in the suburb averaged 5.14% per annum over a 3-year period.

BLACKBURN NORTH now ranks at the 99th 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 $660 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 45.8 days.

In 2016, 110 properties were sold in BLACKBURN NORTH during the past year, making it the 687th most active market in VIC based on total real estate transactions.

Surburb overview

Blackburn North is a residential suburb in the City of Whitehorse, approximately 17 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has 7,627 residents, with a median age of 39.

The suburb is characterised by its broad, green, and leafy streets. It offers a combination of houses and townhouses. Many homes are situated on quarter-acre blocks, providing a sense of space and greenery while still being close to the city.

Blackburn North offers several parks and recreational facilities, including Koonung Reserve on Springfield Road, which features cricket nets, a cricket/football oval, a tennis club, and a soccer field. It is the sporting home for several cricket and football teams, including the Eastern Football League's Nunawading Football Club. Additionally, Slater Reserve is home to the Blackburn Vikings Basketball Association, competing in both junior and senior leagues.

The suburb is well-served by shopping centres, notably the North Blackburn Square Shopping Centre on Springfield Road. While there is no major shopping centre within Blackburn North, residents can easily access more significant retail hubs such as Westfield Doncaster and Eastland Shopping Centre in nearby suburbs.

In terms of transportation, Blackburn North does not have a railway station; however, it is serviced by several bus routes that connect residents to nearby public transport hubs, including Box Hill, which offers a bus terminus, tram terminus, and railway station. The suburb also has convenient access to the Eastern Freeway, facilitating a quick commute to Melbourne's CBD.

Educational facilities in Blackburn North include Old Orchard Primary School and St. Philip's Catholic Primary School on Junction Road. For secondary education, Blackburn High School is located nearby, offering quality education options for families in the area.

In terms of housing, the median property price for a house in Blackburn North is approximately $1,280,000, with an annual capital growth of -0.35%. Rental yields for houses are currently around 2.57%, with a median weekly rent of $630.

Blackburn North provides a harmonious blend of residential living, essential services, and recreational opportunities, making it an attractive suburb for families and individuals seeking a balanced lifestyle.

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