Get a property report and suburb profile for any property in Blackburn North

Blackburn North is a leafy, family-oriented suburb in Melbourne’s east, with quiet streets and a mix of mid-century brick and weatherboard homes alongside renovated houses and townhouses on generous blocks. Koonung Creek and its walking and cycling trail provide a green spine, and there are plenty of parks and sporting grounds nearby. Local shopping strips and community facilities meet everyday needs, while the Eastern Freeway and Blackburn station on the Lilydale and Belgrave lines give straightforward commuter access.

About 7,627 people live in Blackburn North; the median age is 39 and the median total household income is $2,021 a week. Couple families with children make up 55.4% of families and, together with couple families without children, account for 85.7% of the family mix, while owner-occupiers make up 78.2% of homes. The suburb is directly affected by North East Link and Eastern Freeway upgrades around the Koonung Creek corridor, and the council has completed local works such as play-space renewal, improved bike access and lighting, and inclusion in the Easy Ride bike-route network.

At a median price of $1,175,000, a house in Blackburn North works out to about 11.2 times a typical local annual household income at the last Census, which puts buying well above local incomes. Rents are lower relative to that benchmark: a house rent of $750 a week would take about 37.1% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of $550 a week would take about 27.2%, a moderate share.

If you plan to rent rather than buy, those rent shares are the most relevant figures; if you are looking to buy, the house price sits well above what households locally earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Blackburn North, unit values climbed 16.1% and house values rose 10.2%, both sizable increases with the units showing the larger gain in capital value. House rents increased 15.4% over the same period, so the rent a house earns rose faster than house prices did this year.

Put simply, the figures show stronger capital growth for units and strong rental growth for houses over the year. Which of those outcomes matters to you depends on whether you are prioritising capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.