Pace of Blackburn

Location

Blackburn – 23km from Melbourne CBD

Price Range

$390,000 to $500,000

Demographics

Due to the continual gentrification of Melbourne, the eastern corridor (including Blackburn) is experiencing rapid economic growth.

In Blackburn, over 52% of the population hold a professional or managerial role. This strong population growth will aid in driving property demand over the long term.

Project Details

• 77 apartment buildings in building B
• One bedroom apartments (53sqm) from $390,000
• Two bedroom apartments (63sqm) from $500,000

Rental Estimate

4% gross rental yield

Why Pace of Blackburn?

• Established residential market synonymous to Melbourne’s East
• 15% of household incomes higher than Melbourne average
• Vacancy rate of 3.3% (stable market)