Located in Victoria within the Whitehorse local government area, Blackburn South is a settled mid-to-large suburb (postcode 3130). It is home to about 10,939 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $97K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Median house prices in Blackburn South sit at $1.4 million, little changed on a year ago. Units have a median price of $948,000 (+27.7% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,251.
Blackburn South is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1092, which is above the national average of 1,000. Public transport access includes 47 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved -0.4% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.