VIC/
Blackburn south

Suburb Profile

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

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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 $1,170,000.

The upward trend in home prices in BLACKBURN SOUTH, 3130 averaged 13.9% per annum over a 3-year period.

Average weekly rents on listings have reached the $460 mark, reflecting a 2.04% increase in returns based on the current median price in BLACKBURN SOUTH.

An average of 9.25 real estate transactions take place per month in BLACKBURN SOUTH which translates to 111 per annum.

111 properties were sold in BLACKBURN SOUTH in 2016, making it the 688th most active market in VIC based on total real estate transactions.

BLACKBURN SOUTH, 3130 places 599th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,170,000 $750,000
GROWTH REPORT
Median Quarterly -2.5% -5.09%
Median 12 month 4.46% -0.07%
Median 3 years 41.69% 25%
Median 5 years 85.57% 45.45%
10 years average annual 8.84% 7.19%
Weekly media advert. rent $460 $435
Time on Market 43.3 days 85.0 days
Gross Rental Yield Percent 2.04% 3.02%
demographics (median values)
Total Population
10128
Weekly Household Income
1094
Household Size
2.60
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Blackburn South, VIC
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