Blackburn South is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3130). With a population of 10,939, the suburb has an established demographic with a median age of 42. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Blackburn South is $1.4 million, having dipped slightly 0.4% over the past year. Units have a median price of $743,000 (-18.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. 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.
From an investment perspective, Blackburn South offers a gross rental yield of 2.1%, rated 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.
Blackburn South is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3130). With a population of 10,939, the suburb has an established demographic with a median age of 42. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Blackburn South is $1.4 million, having dipped slightly 0.4% over the past year. Units have a median price of $743,000 (-18.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.1%. 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.
From an investment perspective, Blackburn South offers a gross rental yield of 2.1%, rated 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.