Powered by MOMENTUM MEDIA
smart property investment logo
Blackburn South
AREA REPORTS

Blackburn South

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

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,346,500.

The upward trend in home prices in BLACKBURN SOUTH, 3130 averaged 9.91% per annum over a 3-year period.

Average weekly rents on listings have reached the $495 mark, reflecting a 1.91% increase in returns based on the current median price in BLACKBURN SOUTH.

An average of 12.83 real estate transactions take place per month in BLACKBURN SOUTH which translates to 154 per annum.

154 properties were sold in BLACKBURN SOUTH in 2016, making it the 599th most active market in VIC based on total real estate transactions.

BLACKBURN SOUTH, 3130 places 486th in Australia based on median property value growth during the quarter.

Data report can be found below

Blackburn South
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,346,500 $760,000
GROWTH REPORT
Median Quarterly 2.75% 20.63%
Median 12 month 21.64% 14.11%
Median 3 years 29.72% 9.35%
Median 5 years 28.15% 10.95%
10 years average annual 8.25% 4.82%
Weekly media advert. rent $495 $460
Time on Market 50.0 days 58.7 days
Gross Rental Yield Percent 1.91% 3.15%
demographics (median values)*
Total Population
32174
Weekly Household Income
1636
Household Size
2.70
Age
40
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.