blackburn south

3130, Victoria

Real Estate & Property Information

Median
Price Rank
138

blackburn south Suburb Profile & Review

Find Blackburn South in the heart of Melbourne's eastern suburbs, surrounded by stunning public parks and bush. The Blackburn Lake Sanctuary is one of the last remaining natural bushland reserves in Melbourne. Around Blackburn Lake there are walking tracks, gullies, playgrounds, streams and bridges, making the area popular with cyclists and joggers.

Located minutes from Box Hill Shopping Centre and Forest Hill Chase Shopping Centre - which features a Coles, Target, Myer, Big W, JB Hi-Fi and Hoyts cinema - Blackburn North residents are in a prime position to enjoy the amenities provided by adjacent suburbs, but suffer none of the traffic woes. Blackburn Station Village is a quaint and distinctive cluster of cafes, restaurants, bakeries, fitness centres and banks. Along Whitehorse Road there is a long strip of homeware stores for DIY enthusiasts.

The suburb is home to St Luke the Evangelist School and the highly ranked Old Orchard Primary School. From either Blackburn or Laburnum Station you can catch a train to Flinders Street, while a drive along the Eastern Freeway will bring you to the city centre in half an hour.

blackburn south Demographic Data

$ 639,000 Median House Price

30 Minutes Average Commute

41 Median Age

10,584 Population

52.60 % Female

47.40 % Male

2859 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in blackburn south, Victoria.

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blackburn south Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

blackburn south Median House Prices

  • 2008 $ 491,600
  • 2009 $ 510,000
  • 2010 $ 545,000
  • 2011 $ 667,750
  • 2012 $ 639,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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blackburn south 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in blackburn south have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term blackburn south property price predictions.

blackburn south Market Property Types

  • 83 % Seperate House
  • 7 % Semi Detached
  • 11 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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blackburn south Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

blackburn south Income & Mortgage Stats

  • $ 1,275 Median Weekly Household Income
  • $ 1,972 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in blackburn south

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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blackburn south Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

blackburn south Sold Property Prices

blackburn south Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

blackburn south Related Local Blog Posts

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Hangover Stock Brings About Buying Opportunities

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Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

blackburn south Restaurants

  • Kadai Curry Kitchen5 Canterbury Rd blackburn south VIC 313003 9890 9782

blackburn south Schools

  • St. Luke the Evangelist Primary School46 Orchard Groveblackburn south VIC 3130(03) 9877 4023Catholic Primary School
  • Aurora School96 Holland Rdblackburn south VIC 3130(03) 8878 9878Specialist School
  • Orchard Grove Primary School101 Orchard Groveblackburn south VIC 3130(03) 9894 3400State Primary School

blackburn south Childcare

  • Starfish ELC168 Canterbury Rdblackburn south VIC 3130
  • Fabulous Kids CC20 Richmond Streetblackburn south VIC 3130
  • Holbury Childrens Centre29 Raleigh Streetblackburn south VIC 3130

blackburn south Kindergarten and Preschools

  • Indra Preschool38 Edinburgh Roadblackburn south VIC 3130
  • Sir Edgar & Lady Coles20 Neil Courtblackburn south VIC 3130
  • Starfish ELC168 Canterbury Rdblackburn south VIC 3130

blackburn south Sporting Centres and Clubs

  • Blackburn South T. Clubblackburn south VIC 3130Tennis Club & Courts
  • Eley Parkblackburn south VIC 3130Tennis Club & Courts

blackburn south Retirement Villages

  • Barrina Gardensblackburn south VIC 3130
  • Blackburn South Aged Careblackburn south VIC 3130
  • Goodwin Close Retirement Villageblackburn south VIC 3130

Find out How Much your House is Worth in blackburn south

Request a free market Basic Report for blackburn south to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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