Part of Eastern Suburbs Melbourne: This guide is part of our comprehensive Eastern Suburbs Melbourne Property Investment Guide
Blackburn Property Investment Guide 2026: Eastern Melbourne Family Market
Blackburn offers Eastern Melbourne stability: $1,150,000 median, 6.5% growth. Top schools, train/freeway access, strong Asian demographic demand. Professional families, low vacancy, conservative investment play.
Quick Answer
Why invest in Blackburn?
Blackburn delivers Eastern Melbourne quality: $1,150,000 median, 6.5% growth. Top school zones, train/freeway access (Eastern Freeway, Belgrave/Lilydale lines). Asian demographic demand (40-50%), professional families. Houses yield 3.2-3.8%. Conservative, stable long-term investment.
Blackburn Overview
Eastern Melbourne Comparison
| Suburb | Median | Growth | Yield |
|---|---|---|---|
| Blackburn | $1,150,000 | 6.5% | 3.5% |
| Glen Waverley | $1,180,000 | 6.2% | 3.4% |
| Box Hill | $950,000 | 7.1% | 3.8% |
| Camberwell | $1,650,000 | 5.2% | 3.0% |
Investment Strategy
Family House Play: Buy 3-4 bed houses $1,150,000 in top school zones. Yield 3.5%, growth 6.5%. Target professional families, Asian buyers. 10+ year hold.
Risks
High Entry: $1,150,000 limits buyers.
Low Yields: 3.5% requires deep pockets.
Asian Buyer Cycle: Vulnerable to offshore buyer restrictions.
Frequently Asked Questions
Yes - Blackburn delivers 6.5% growth at $1,150,000. Eastern Melbourne's established family market. Top schools, train/freeway access, Asian demographic demand. Yields 3.4-4.0%. Conservative, low-risk Melbourne play.
Houses: 3.2-3.8%. $1,150,000 entry reflects premium schools, established infrastructure. Blackburn attracts professional families, Asian buyers. Stable long-term growth 6.5%, low vacancy.
Houses preferred - family suburb, land scarcity, school zones. 3-4 bedroom on 500-700sqm. Apartments limited, mainly near train stations yielding 4.0-4.5%.
Blackburn: $1,150,000, 6.5% growth, 3.6% yield, established. Western: $550k-$680k, 9-10% growth, 4.8% yield, new estates. Blackburn offers school zones/stability. Western offers value/growth.
Professional families, Asian demographic (40-50% in some Eastern suburbs), established residents. Top school zones drive demand. Owner-occupiers 70-75%.
High entry ($1,150,000), low yields (3.6%), Asian buyer cycle dependency. Requires long-term hold (10+ years) for full benefit.