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Blackburn North, VIC 3130
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,410,000
market range $1.4M-$1.5M
Median Unit
$640,000
list-price estimate
Gross Yield (houses)
2.7%
1yr Growth (houses)
+5.7%
market range -7.5% to +10.0%
Investment snapshot for Blackburn North
Blackburn North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Blackburn North market and investor summary
Blackburn North (VIC 3130) runs a median house price of $1.4M, with houses yielding a gross 2.7%. House prices have moved +5.7% over the past year and +9.8% over three years. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Blackburn North: people, income and schools
Blackburn North has a resident population of roughly 7,627, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and 78% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $105,000 a year, or roughly $2,020 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
There are 57 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 17 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 84 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 7,627
- +2% over 5yr
- Median age
- 39 years
- Median household income
- $105,000/yr
- Households renting
- 22%
- Family households
- 55%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 57
- avg ICSEA 1119
- Unemployment
- 4.5%
- Distance to CBD
- 17 km
- Walk score
- 57/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Blackburn North
View all →Frequently asked questions about Blackburn North
What should I check before investing in Blackburn North?
Blackburn North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.7% in the past year shows positive recent price momentum. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Blackburn North?
The median property price in Blackburn North, VIC 3130 is $1.4M for houses.
What rental yield does Blackburn North show?
The gross rental yield in Blackburn North is 2.7% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Blackburn North?
House prices in Blackburn North are up 5.7% over the past year and up 9.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Blackburn North?
The current vacancy rate in Blackburn North is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Blackburn North?
Blackburn North has a population of approximately 7,627 residents, with a median age of 39.
What schools are near Blackburn North?
There are 57 schools within roughly 5km of Blackburn North. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Blackburn North affordable to buy in?
A median house in Blackburn North costs about 13.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Blackburn North's population growing?
The population of Blackburn North has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Blackburn North from the CBD?
Blackburn North is about 17 km from the CBD.
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