blackburn

3130, Victoria

Real Estate & Property Information

Median
Price Rank
75

blackburn Suburb Profile & Review

Find Blackburn 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 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 seven schools including Laburnum Primary School and Blackburn High 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 Demographic Data

$ 785,000 Median House Price

25 Minutes Average Commute

40 Median Age

12,796 Population

51.11 % Female

48.89 % Male

3318 NO OF FAMILIES

1.9 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, Victoria.

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blackburn 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 Median House Prices

  • 2008 $ 620,000
  • 2009 $ 605,000
  • 2010 $ 700,000
  • 2011 $ 845,000
  • 2012 $ 785,000

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 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 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 property price predictions.

blackburn Market Property Types

  • 76 % Seperate House
  • 16 % Semi Detached
  • 8 % 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 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 Income & Mortgage Stats

  • $ 1,508 Median Weekly Household Income
  • $ 2,000 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

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 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 Sold Property Prices

blackburn 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.

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blackburn Restaurants

  • Three Angels Woodfire Pizzeria17 Salisbury Ave blackburn VIC 313003 9877 1930
  • The Station House Food and Drinks110 South Parade blackburn VIC 313003 9894 0041
  • The Saffron House96 Canterbury Rd Shop 7&8blackburn VIC 313003 9894 4428

blackburn Cafes

  • Gourmet Girl Cafe and Catering21 Salisbury Avenueblackburn VIC 313003 9894 8417
  • The Jacaranda Tree Cafe2/28 Blackburn Roadblackburn VIC 313003 9894 7652
  • Nuts Meets Beans Cafe80 South Paradeblackburn VIC 313003 9894 1458

blackburn Schools

  • St. Thomas the Apostle Primary School67 Central Roadblackburn VIC 3130(03) 9878 8268Catholic Primary School
  • Taralye Centre for Impaired Hearing137 Blackburn RoadÊblackburn VIC 3130(03) 9877 1300Specialist School
  • Blackburn Primary School185 Whitehorse Roadblackburn VIC 3130(03) 9878 1483State Primary School

blackburn Childcare

  • ABC Learning Centre286 Middleborough Rdblackburn VIC 3130
  • Casa Bambini ELC502 Middleborough Rdblackburn VIC 3130
  • Blackburn Childrens Services CtrCentral Roadblackburn VIC 3130

blackburn Kindergarten and Preschools

  • Blackburn Nth Baptist Preschool3 Springfield Roadblackburn VIC 3130
  • Blackburn Road Preschool40 Blackburn Roadblackburn VIC 3130
  • Pope Road Blackburn Kinder46 Pope Roadblackburn VIC 3130

blackburn Sporting Centres and Clubs

  • Blackburnblackburn VIC 3130Bowling Club
  • Blackburn Tennis Clubblackburn VIC 3130Tennis Club & Courts
  • St. Thomasblackburn VIC 3130Tennis Club & Courts

blackburn Vets

  • Blackburn Vet Clinicblackburn VIC 3130

Find out How Much your House is Worth in blackburn

Request a free market Basic Report for blackburn 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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