There is a clear standout here this month, and it is not where you would expect. Four-bedroom homes are clearing at 81 per cent and selling in around five weeks, both faster and stronger than three-bedroom houses, which sit fourteen points lower at 67 per cent. Buyers are stepping up rather than trading down.
Value explains a good deal of it. A four-bedroom home here has a median of $1.408 million, comfortably below the equivalent in neighbouring pockets, and buyers who have compared the surrounding suburbs are noticing. Families who might have been priced out elsewhere are finding the larger home works here.
The upper end is more measured, with five-bedroom properties at 64 per cent, and that fits the wider pattern of buyers above a million taking their time. Owners with a well-presented family home priced off recent comparable sales are in the strongest position this suburb has offered in a while.
Median sale price for houses in Blackburn South is $1,351,000, up 2.4% from last year.
Median sale price for units in Blackburn South is $815,000, up 33.3% from last year.
Properties sold for houses in Blackburn South is 142, up 2.2% from last year.
Properties sold for units in Blackburn South is 26, up 0.0% from last year.
Auction clearance for houses in Blackburn South is 76.1%, down 13.4% from last year.
Auction clearance for units in Blackburn South is 100.0%, up 80.0% from last year.
Av days on market for houses in Blackburn South is 53, up 6.0% from last year.
Av days on market for units in Blackburn South is 33, down 69.7% from last year.
$1,485,000
$1,363,000
$1,361,000
$1,351,000
$1,329,500
$1,220,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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