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Blackburn, VIC 3130
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,625,000
market range $1.5M-$1.8M
Median Unit
$765,000
market range $675K-$800K
Gross Yield (houses)
2.2%
1yr Growth (houses)
+0.3%
market range -10.0% to +7.5%
Investment snapshot for Blackburn
Blackburn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Blackburn market and investor summary
In Blackburn, VIC 3130, the median house sells for around $1.6M, on a gross rental yield of 2.2% for houses. House prices have moved +0.3% over the past year and +3.7% 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 2.2% 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: people, income and schools
Blackburn has a resident population of roughly 14,478, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $107,000 a year (about $2,070 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 15.1 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.
Families have 61 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Blackburn sits about 16 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 73 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 14,478
- +2% over 5yr
- Median age
- 41 years
- Median household income
- $107,000/yr
- Households renting
- 26%
- Family households
- 69%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 61
- avg ICSEA 1138
- Unemployment
- 4.5%
- Distance to CBD
- 16 km
- Walk score
- 73/100
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
View all →Frequently asked questions about Blackburn
What should I check before investing in Blackburn?
Blackburn 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. Walkability score of 73 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Blackburn?
The median property price in Blackburn, VIC 3130 is $1.6M for houses and $765K for units.
What rental yield does Blackburn show?
The gross rental yield in Blackburn is 2.2% 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?
House prices in Blackburn are up 0.3% over the past year and up 3.7% 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?
The current vacancy rate in Blackburn 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?
Blackburn has a population of approximately 14,478 residents, with a median age of 41.
What schools are near Blackburn?
There are 61 schools within roughly 5km of Blackburn. 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 affordable to buy in?
A median house in Blackburn costs about 15.1 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's population growing?
The population of Blackburn 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 from the CBD?
Blackburn is about 16 km from the CBD.
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