Blackburn vs Box Hill
Property investment comparison - Blackburn, VIC 3130 vs Box Hill, VIC 3128
Head-to-head across core investment metrics: Blackburn wins 2, Box Hill wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Blackburn | Box Hill |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | $765K | - |
| Gross rental yield (houses) | 2.22% | - |
| Gross rental yield (units) | - | 5.91% |
| 1-year house growth | +0.3% | -4.7%estimate |
| 3-year house growth | +3.7% | - |
| Vacancy rate | 1.6% | 1.8% |
| Population | 14,478 | 14,353 |
Blackburn vs Box Hill: what the numbers say
The median house price is $1.6M in Blackburn and $1.6M in Box Hill, so Box Hill is the cheaper entry point.
Over the past year house prices moved +0.3% in Blackburn and -4.7% in Box Hill (an estimate), so recent momentum favours Blackburn, while Box Hill went backwards.
Rental vacancy is 1.6% in Blackburn and 1.8% in Box Hill, so landlords in Blackburn face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Blackburn is the bigger suburb, with a population of 14,478 against 14,353, larger than Box Hill; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Box Hill for a lower purchase price, Blackburn for recent price momentum, Blackburn for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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