Blackburn North suburb profile
Blackburn North is a peaceful suburb located 17km east of Melbourne's CBD, known for its family-friendly atmosphere and leafy surroundings. The suburb offers a mix of mid-century homes and modern developments, catering to a diverse community. With convenient access to public transport and major roads, Blackburn North ensures easy connectivity to the city and surrounding areas. The suburb is home to several parks and reserves, providing ample recreational opportunities for residents. Its proximity to quality schools, shopping centres, and community facilities makes Blackburn North a desirable location for families and professionals seeking a balanced suburban lifestyle.
Blackburn North property market performance
Blackburn North's property market has shown stability and growth over the past 12 months. While the median house price has remained steady at $1.27 million, unit values have surged by 18.8%, reaching a median of $1.04 million. This indicates a strong demand for units in the area.
Sales activity has been moderate, with 18 houses and 5 units sold in the past three months. Both houses and units are selling relatively quickly, with a median of 26 days on the market, suggesting a balanced demand across property types.
The rental market in Blackburn North has experienced notable changes, with house rents increasing by 10.1% and unit rents rising by 3.6% over the last 12 months. This reflects a healthy demand for rental properties in the suburb.
Median price - houses$1.27MPast 3 months
Median price - units$1.04MPast 3 months
Change in value - houses-4.3%12 months
Change in value - units18.8%12 months
Houses sold18Past 3 months
Units sold5Past 3 months
Median DOM - houses26Past 12 months
Median DOM - units26.5Past 12 months
Average rent - houses$628Past 12 months
Average rent - units$580Past 12 months
Change in rent - houses10.1%Past 12 months
Change in rent - units3.6%Past 12 months
Blackburn North demographics
Blackburn North, located in Melbourne's eastern suburbs, is a family-friendly area known for its leafy streets and community-oriented atmosphere. With a population of 7,627 and a median age of 39, the suburb attracts a mix of families, professionals, and retirees who appreciate its balance of suburban tranquility and urban convenience. The median total household income of $2,021 per week reflects a comfortable standard of living, supported by the suburb's proximity to quality schools, parks, and shopping centers.
The housing landscape in Blackburn North is predominantly owner-occupied, with 38.7% of properties owned outright and 39.5% owned with a mortgage. This high rate of home ownership indicates a stable and established community, with many residents choosing to settle long-term. Rental properties make up 21.8% of the housing market, offering options for those seeking flexibility or transitioning into home ownership.
Family life is a cornerstone of Blackburn North, with 55.4% of households being couple families with children, and 30.3% being couple families without children. One-parent families account for 13.1% of the community, highlighting the suburb's inclusive nature. The area's appeal is further enhanced by its access to public transport, making it a convenient choice for commuters working in Melbourne's CBD. Overall, Blackburn North offers a harmonious blend of community spirit, accessibility, and quality of life, making it a desirable place to call home.
Blackburn North infrastructure, key developments and investment opportunities
Blackburn North is experiencing some notable developments that may impact its property market. The North East Link Project, while not directly in Blackburn North, is set to improve connectivity to the area, potentially increasing property desirability. Local infrastructure upgrades include improvements to pedestrian and cycling paths, enhancing the suburb's walkability and livability.
The Whitehorse City Council has plans for upgrades to local parks and community facilities, which could boost the appeal of nearby properties. Additionally, the ongoing redevelopment of the Box Hill Metropolitan Activity Centre, though not in Blackburn North itself, may have spillover effects on the suburb's property market due to increased amenities and employment opportunities in the vicinity. These developments collectively contribute to Blackburn North's evolving urban landscape and may influence future property trends.
Blackburn North rental market trends
The rental market in Blackburn North has experienced growth, with house rents increasing by 10.1% over the past year to $628 per week, while unit rents have seen a more modest rise of 3.6% to $580 per week. This suburb continues to attract interest due to its appealing residential environment and proximity to essential amenities, making it a desirable location for both renters and investors.
Suburbs near Blackburn North
Some popular suburbs near Blackburn North include: