This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $2,600 or a weekly rent payment of $427. The average family earns a weekly income of $2,662 with a typical household size of 2.8 and a 96.07% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Blackburn South ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Blackburn South provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Blackburn South to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Blackburn South we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Blackburn South a better buying opportunity than it may have been in the past.
Blackburn South a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
62 / 100
52 / 100
Industry
19 / 100
17 / 100
Population
22 / 100
32 / 100
House Prices
65 / 100
70 / 100
Jobs
36 / 100
34 / 100
Incidents Trend State Average
Blackburn Lake Primary School
Blackburn, VIC, 3130 State Prep-6
Aurora School
Blackburn South, VIC, 3130 State U
Burwood Heights Primary School
Burwood East, VIC, 3151 State Prep-6
Blackburn English Language School
Burwood East, VIC, 3151 State Prep-11
St Thomas the Apostle School
Blackburn, VIC, 3130 Independent Prep-6
St Luke the Evangelist School
Blackburn South, VIC, 3130 Independent Prep-6
Laburnum Primary School
Blackburn, VIC, 3130 State Prep-6
Parkmore Primary School
Forest Hill, VIC, 3131 State Prep-6
Forest Hill College
Burwood East, VIC, 3151 State 7-12
Orchard Grove Primary School
Blackburn South, VIC, 3130 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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