Blackburn vs Templestowe
Property investment comparison - Blackburn, VIC 3130 vs Templestowe, VIC 3106
Head-to-head across core investment metrics: Blackburn wins 3, Templestowe 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 | Templestowe |
|---|---|---|
| Median house price | $1.6M | $1.6M |
| Median unit price | $765K | $970K |
| Gross rental yield (houses) | 2.22% | - |
| Gross rental yield (units) | - | - |
| 1-year house growth | +0.3% | -5.6%estimate |
| 3-year house growth | +3.7% | - |
| Vacancy rate | 1.6% | 2.3% |
| Population | 14,478 | 16,966 |
Blackburn vs Templestowe: what the numbers say
The median house price is $1.6M in Blackburn and $1.6M in Templestowe, so Templestowe is the cheaper entry point, with Blackburn houses about 1% dearer.
For units, Blackburn sits at a median of $765K against $970K in Templestowe, which makes Blackburn the more affordable unit market and Templestowe the pricier one.
Over the past year house prices moved +0.3% in Blackburn and -5.6% in Templestowe (an estimate), so recent momentum favours Blackburn, while Templestowe went backwards.
Rental vacancy is 1.6% in Blackburn and 2.3% in Templestowe, so landlords in Blackburn face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Templestowe is the bigger suburb, with a population of 16,966 against 14,478, larger than Blackburn; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Templestowe 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison