VIC/
Blackburn south

Suburb Profile

Blackburn South - FREE 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 $1,195,000.

The upward trend in home prices in BLACKBURN SOUTH, 3130 averaged 20.35% per annum over a 3-year period.

Average weekly rents on listings have reached the $470 mark, reflecting a 2.05% increase in returns based on the current median price in BLACKBURN SOUTH.

An average of 9.75 real estate transactions take place per month in BLACKBURN SOUTH which translates to 117 per annum.

117 properties were sold in BLACKBURN SOUTH in 2016, making it the 656th most active market in VIC based on total real estate transactions.

BLACKBURN SOUTH, 3130 places 204th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,195,000 $750,000
GROWTH REPORT
Median Quarterly 3.91% -0.07%
Median 12 month 23.07% -1.32%
Median 3 years 61.05% 20.48%
Median 5 years 96.87% 55.6%
10 years average annual 11.1% 8.21%
Weekly media advert. rent $470 $415
Time on Market 62.5 days 75.6 days
Gross Rental Yield Percent 2.05% 2.88%
demographics (median values)
Total Population
10128
Weekly Household Income
1094
Household Size
2.60
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