Thinking about buying in Blackburn South? Now could not be a better time, with 5310 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,609,000 with prices in this suburb ranging from $389,000 to $7,970,000. The aproximate distance to the coast is 13 Km.

Blackburn South Real Estate Market Outlook

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.

Houses for sale Blackburn South

	1 MARAMA ST, BLACKBURN SOUTH, VIC, 3130	4	2	3	Auction 16th November at 10:00am
	33 LAWRENCE ST, BLACKBURN SOUTH, VIC, 3130	3	1	1	1200000
	UNIT 3, 11 ELEY RD, BLACKBURN SOUTH, VIC, 3130	2	3	2	960000

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General Points of Interest

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