Blackburn

Blackburn, VIC 3130 is a vibrant suburb with a total population of 14,478 residents. The area has experienced positive population growth trends over the past 1, 5, and 10 years. The suburb offers a good mix of age groups, with a higher percentage in the 5 to 19 and 45 to 64 age brackets. In terms of occupations, professionals and managers constitute a significant portion of the workforce. Commute options include a strong preference for motor vehicles and a notable percentage of residents working from home. The suburb has good educational opportunities with an ICSEA percentile indicating high educational advantage in government schools. For house investors, Blackburn presents a potential opportunity for capital growth given its moderate sale price range, considerable market absorption rate, and a balanced vacancy rate. The suburb's higher IQR ratio suggests potential for renovators. On the other hand, unit investors should consider the high room demand-supply ratio and significant market absorption rate which may indicate a favourable environment for rental property. The moderate sale prices, low vacancy rate, and a notable percentage of rented units indicate a stable rental market. Blackburn, VIC 3130 offers residents a diverse and thriving community with good job opportunities present due to the high percentage of professionals and managers. The suburb's educational advantage and various commute options make it an attractive place for families and individuals alike. Investors, whether interested in houses or units, may find opportunities for growth and stable rental income in Blackburn's competitive property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022