Suburb Profile

Suburb profile for,

Blackburn South, VIC

Located in the dynamic state of VIC (postcode 3130), BLACKBURN SOUTH is a vibrant real estate market. This suburb holds a median house price of $1,259,250 and has demonstrated an average buying growth of Down -6.0%. Last month, 36 houses were available, with 122 transactions completed in the past year. Properties spend around 35 days on the market, reflecting the area's demand with 2897 interested buyers. The average rental yield stands at 2.1%, with a weekly median rent of $437 per week and an average rent growth of Up 0.6%. Rental properties usually stay on the market for 20 days. The population in 2016 was 10797, which changed by +2.00% in the past five years. The median weekly household income is $1,510, reflecting an income change of +16.24% over the past five years. Residents have a median age of 42 years, and the suburb has an average annual growth for houses of +1.84%. To fully take advantage of BLACKBURN SOUTH's prosperous real estate market and substantial buyer interest, rely on Handle Properties. As the best buyers agent in BLACKBURN SOUTH, Handle provides end-to-end property investment services, backed by data and experts.

SUBURB DATA

Quantitative data for,

Blackburn South, VIC

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.
State
VIC
Suburb
BLACKBURN SOUTH
Postcode
3130
Median price for all dwellings
$1,259,250
Last 12 months growth return
Down -6.0%
Avg. dwellings for sale in the suburb every month
36
Avg. dwellings sold in the suburb in previous 12 months
122
Avg days on market for a dwelling listing to sell
35 days
Avg. number of people searching in this suburb every month
2897
Avg. rental yield per annum
2.10%
Weekly median rent for all dwellings
$437 per week
Median price for all houses
$1,259,250
Avg. rental yield growth in the previous 12 months
2.10%
Avg. days for a rental listing to find a tennant
20 days
Total suburb population in 2016
10797
Total suburb population change in 5 years up to 2016
2.00%
Avg. household income per week
$1,510
Median age of the population in the suburb
42
Historic avg annual growth return per annum in the suburb
1.84%

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