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Blackburn South, VIC 3130
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,350,000
market range $1.3M-$1.4M
Median Unit
$955,000
market range $750K-$1.0M
Gross Yield (units)
3.5%
1yr Growth (houses)
-2.7%
market range -12.5% to +5.0%
Investment snapshot for Blackburn South
Blackburn South has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Blackburn South market and investor summary
Blackburn South (VIC 3130) runs a median house price of $1.4M. House prices have moved -2.7% over the past year and +1.0% over three years. At 1.6% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Blackburn South: people, income and schools
About 10,939 people live in Blackburn South, a number that has held fairly steady over five years. The median age is 42, skewed a little older, and 76% 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 $97,000 a year, or roughly $1,860 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 14.0 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 76 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 63 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 10,939
- +2% over 5yr
- Median age
- 42 years
- Median household income
- $97,000/yr
- Households renting
- 24%
- Family households
- 53%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 76
- avg ICSEA 1102
- Unemployment
- 4.5%
- Distance to CBD
- 17 km
- Walk score
- 63/100
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 South
View all →Frequently asked questions about Blackburn South
What should I check before investing in Blackburn South?
Blackburn South has enough public data for first-pass screening across yield, vacancy, price and supply signals. 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 South?
The median property price in Blackburn South, VIC 3130 is $1.4M for houses and $955K for units.
What rental yield does Blackburn South show?
The gross rental yield in Blackburn South is 3.5% for units. 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 South?
House prices in Blackburn South are down 2.7% over the past year and up 1.0% 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 South?
The current vacancy rate in Blackburn South 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 South?
Blackburn South has a population of approximately 10,939 residents, with a median age of 42.
What schools are near Blackburn South?
There are 76 schools within roughly 5km of Blackburn South. 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 South affordable to buy in?
A median house in Blackburn South costs about 14.0 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 South's population growing?
The population of Blackburn South 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 South from the CBD?
Blackburn South is about 17 km from the CBD.
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