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Published on August 24th, 2015 | by Chris Snell - Rental Success

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Smart property investor and rental returns

The smart property investor is looking to secure high rental yields and solid capital growth when investing in the property market. Are you fast becoming a smart property investor and rental returns analyst?

If you are looking to secure new property for investment or simply an owner occupier seeking to buy into a lovely community and enjoy growth in property value through time, then a quiet and leafy suburb in Melbourne’s Eastern suburbs known as Blackburn deserves your attention.

Blackburn is only 17 kilometers east of Melbourne and is set within the City of Whitehorse. Blackburn has a population of approximately 21,000 residents and has almost 2300 businesses operating within it. Owners of Blackburn property enjoy conveniences of village style living with easy access to surrounding services via Whitehores Road (Maroondah Highway), Middleborough Road, Springvale Road and Canterbury Road.

The historical significance rests on its construction around a man-made Blackburn Lake in 1889, now known as Blackburn Lake Sanctuary. When transport was limited, the Blackburn lake proved a popular day trip destination by train in the late nineteenth century and is now a contributing factor which motivates buyers to occupy Blackburn properties today. With its notable flora and fauna, Blackburn was also popular among Australian artists such as Tom Roberts and Frederick McCubbin who painted the local scenery.

The major shopping hub of Box Hill with the popular Box Hill Central is only two train stops away, while three buses connect Blackburn to Forest Hill Chase Shopping Center. Blackburn contains two railway stations, Laburnum and Blackburn.

There are six schools in Blackburn: Laburnum Primary School, Blackburn Primary School, Blackburn Lake Primary School, Old Orchard Primary School, St Thomas the Apostle Primary School and Blackburn High School.

Local community groups and sporting clubs including Blackburn RSL, football, netball, soccer, cricket, tennis, lawn bowls, basketball and indoor swimming centers are within easy access.

Local Churches in Blackburn include: St Thomas the Apostle Catholic Church, New Hope Baptist Church, St John’s Anglican Church, The Avenue Uniting Church Blackburn, and the Evangelical Community Church.

Whilst many families are looking to buy houses for sale in Blackburn there are many people that are comparing property sale prices of houses with townhouses and apartments in order to add value to their purchase. Remember that the smart property investor is looking to secure high rental yields and solid capital growth when investing in the property market. Be the smart property investor and focus on rental returns.

Enrich Property Group is marketing property for sale in Blackburn. Visit this residential complex of low rise apartments called The Paragon Apartments. Offering one and two bedrooms for sale from $420,000 due for completion in the first quarter of 2016. Contact me directly, chris@chrissnell.com.au for a personalised introduction to this development.


About the Author

Chris Snell is a licensed real estate agent and started his property career in 1992. Chris has experience in real estate sales and rental property management services. Chris has developed an excellent professional knowledge of all matters associated with rental property management and tenancy related issues. Chris manages a top tier property management company and aspires to educate property investors and landlords on the important aspects of rental success.



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