Blackburn Property Market Overview (2026)
Blackburn sits in the established middle-ring market. Property here commands a premium because the amenity density justifies it — 54 dining venues, 10 schools, and 19 parks within the suburb boundaries.
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $1.0M–$1.6M | $4,000–$6,400 |
| Unit/Apartment | $500K–$750K | $2,000–$3,000 |
Estimates based on Blackburn’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Blackburn
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Blackburn stacks up:
| Amenity Factor | Blackburn | Impact on Value |
|---|---|---|
| Schools | 10 | Strong — school zones drive family demand |
| Parks | 19 | High — green space is a premium driver |
| Dining & Cafes | 54 | High — walkable lifestyle premium |
| Medical | 4 | Adequate |
| Supermarkets | 4 | Convenient |
| Gyms & Fitness | 4 | Active lifestyle suburb |
Total amenity score: 122. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Blackburn has 10 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| St Thomas the Apostle Primary School | 57 Central Road |
| Box Hill High School | 1180 Whitehorse Road, Box Hill |
| Blackburn High School | 58-62 Springfield Road |
| Laburnum Primary School | 1-31 Janet Street |
| Nunawading Christian College | 161 Central Road, Nunawading |
| Blackburn Primary School | 185 Surrey Road |
| Box Hill Institute of TAFE | 32 Ceylon Street |
| Blackburn Lake Primary School | 12-14 Florence Street |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $350–$460 |
| 2 Bedroom | $480–$620 |
| 3 Bedroom | $620–$850 |
Rental yield estimate: 3.5–4.0% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Blackburn
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Blackburn are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Blackburn Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Blackburn
- Best Cafes in Blackburn
- Best Bars in Blackburn
- Cost of Living in Blackburn
- Blackburn Neighbourhood Guide
- Family Guide to Blackburn
- Is Blackburn Safe?
- Blackburn Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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