27 Raymond Street, Blackburn North, Vic 3130
$1,550,000 - $1,650,000
4 2 2
Open Thursday 11 June 2:00 pm Auction Saturday 20 June 11:00 amOriginally a landscape of orchards and small farms, Blackburn North underwent rapid residential transformation during the 1950s and 60s. It was designed as a middle-class suburb to accommodate Melbourne's post-war population surge, replacing fruit trees with brick veneer family homes.
Today, it is a quiet, leafy residential pocket popular with families and professionals, characterized by well-maintained gardens and an increasing number of modern townhouse redevelopments.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Blackburn North serves as a 'sweet spot' for families who are priced out of Balwyn or Mont Albert but still demand high-quality public schooling and a safe, leafy environment. Its stability makes it a defensive asset in volatile markets.
$1.25m – $1.85m
$750k – $1.1m
12-month movement
Current asking rents
The price gap between houses and units is widening, making well-located townhouses an attractive entry point for those prioritizing the school zone over land size.
Price comparison
Median price ÷ median income
Estimated rental yield
Affordability is stretched for single-income households. Most buyers are dual-income professionals or those utilizing equity from previous sales.
Lower = tighter market
Avg time on market
Annual rental increase
Young families and professional couples, often relocating specifically for school catchments.
Strong capital growth prospects and low vacancy make it a safe 'land bank' play, though gross yields are relatively low compared to outer suburbs.
Expect steady growth outperforming the Melbourne average, underpinned by the 'school zone effect' and the suburb's transition into a premium eastern enclave.
vs last 12 months
Relative comparison
Check local police data for opportunistic car break-ins near shopping centres, which is the most common minor issue.
Low environmental risk profile, with the primary concerns being man-made (noise) or regulatory (planning overlays).
Minimal; some Special Building Overlays (SBO) exist near Koonung Creek for localized drainage.
Negligible risk in this fully urbanized area.
Standard residential premiums apply; no significant 'red-flag' zones for insurers.
Significant Landscape Overlay (SLO9), Special Building Overlay (SBO)
Middleborough Road corridor and properties adjacent to North Blackburn Shopping Centre.
SLO9 protections mean you may need a permit to remove even non-native trees, which can significantly impact construction costs and timelines.
Excellent freeway access; bus routes 270, 271, and 901 provide connections to rail and major hubs.
North Blackburn Shopping Centre provides essential retail; proximity to Box Hill Central for diverse dining.
Excellent access to Koonung Creek Trail, Slater Reserve, and Nicoll Park.
Top-tier public education options; Blackburn High is a major drawcard.
Close proximity to Box Hill Hospital and Epworth Eastern (approx. 5-10 mins drive).
A stable, affluent community with a high proportion of professionals and a growing multicultural population.
The high owner-occupancy rate ensures well-maintained streetscapes and a strong sense of community pride.
Focused on infrastructure and retail upgrades rather than high-rise residential.
Residents value the suburb for its safety, 'old-fashioned' community feel, and the quality of local schools. It is seen as a prestigious but unpretentious place to raise children.
We moved here specifically for Blackburn High and haven't regretted it. The kids can walk to the park safely, and the neighbors actually know each other.
The freeway access is a lifesaver for work, but you definitely want to avoid living right on the edge of it because of the constant hum.
It was hard to get in, but the block sizes here are much better than the new estates out west. We feel our investment is very secure.
The local shops have everything I need, and the Koonung trail is perfect for my morning walks. It's gotten busier, but still peaceful.
Yields aren't the highest, but I've never had a week of vacancy in five years. Families clamor for this school zone.
There are so many great playgrounds nearby. It feels like a very wholesome environment for my toddlers.
Position the property as a 'generational home'—a place where families can settle for 20 years. Emphasize safety, education, and the stability of the neighborhood.
A low-risk capital growth play with high land-to-asset ratios.
Low rental yields and high entry costs may result in negative gearing in the short term.
Access to high-quality public schools and safe, quiet streets.
Older homes can be poorly insulated and expensive to heat in winter.
Ensure all gas and electrical safety checks are up to date as per the Residential Tenancies Act.
Focus on 'The Blackburn High Advantage' and 'Freeway Convenience without the Noise'.
Professional families (aged 35-50) with 2+ children.
This report is for informational purposes only and does not constitute financial or investment advice. Data is based on 2026 projections and historical trends. Always perform independent due diligence.
Now
Before
$1,550,000 - $1,650,000
4 2 2
Open Thursday 11 June 2:00 pm Auction Saturday 20 June 11:00 am
$1,080,000 - $1,180,000
3 1 1
Auction Saturday 20 June 1:00 pm
$990,000 - $1,060,000
3 1 2
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