67 Koonung Road, Blackburn North VIC 3130
67 Koonung Road, Blackburn North VIC 3130
Detached family house on a conventional block | Mixed street of older homes and newer infill | Strong school catchment pairing | Family-oriented, low-rise suburb | Moderate rental appeal, owner-occupier driven
This property sits within a street that balances traditional family housing with recent redevelopment, giving it dual appeal. If it remains an original dwelling, the likely larger land component offers rare flexibility for future renovation or extension, which is increasingly scarce in this part of Blackburn North. The consistent zoning to Old Orchard Primary and Blackburn High schools strengthens demand from families, who dominate buyer interest here. The leafy, low-traffic character, combined with easy access to the Koonung Creek Trail, local shopping, and freeway connections, makes it a practical choice for households seeking daily convenience without inner-city compromise. It will best serve a buyer wanting a solid family home with room to add value over time, rather than a turnkey modern finish.
The property’s value may hinge on its current condition and whether it has been updated or extended, as older stock in the area varies widely. A conventional block could support future redevelopment potential, which might attract builders or investors, but this depends on council overlays and the exact land dimensions. The modest rental yield environment suggests price growth will rely more on owner-occupier demand than investor appetite. Buyers should weigh the trade-off between immediate livability and the opportunity to create a tailored outcome, as presentation and layout will likely be the primary differentiators in final value.
Detailed Independent Property Report prepared by PropCred Analyst team for 67 Koonung Road, Blackburn North VIC 3130
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
This is a family-dominated suburb: 76% of households are families, averaging 2.8 people, with half of owners holding mortgages. Houses remain the core market, selling in 19–33 days and achieving a median of roughly $1.4 million, with annual growth between 3.2% and 11.2% depending on the source. Rents are firm, with four-bedroom houses at $800 weekly and three-bedroom at $630, supporting gross yields near 2.4%. The engine is owner-occupier demand for family housing, reinforced by tight supply—only 101–121 house sales annually. Units are the constraint: median prices have fallen 5.5% to 17.5% year-on-year, with slower turnover and lower volumes, while house prices hold. Future growth drivers rest on continued family demand and the persistent shortage of houses, but the soft unit segment and rising mortgage costs temper momentum.
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PropCred Estimated Value
Comparable Sales: 68 Koonung Road sold Dec 2024, four-bedroom family house; 112A Koonung Road sold Nov 2019 at $1.16M, newer infill | Property Price Band: $1.3M–$1.4M | Value Drivers: land size, condition, layout flexibility
Bedrooms
4
Bathroom
2
Parking
5
Land
721m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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