Suburb Profile Report for Blackwood SA (5051)

Blackwood House: Median price $488,500, Annual capital growth 3.50%, Number of sales 73, Weekly median advertised rent $395

Blackwood Unit: Median price $319,750, Annual capital growth 4.02%, Number of sales 16, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -6.06% for the last year, Blackwood, 5051 is the 3547th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackwood has increased when compared to the 5 year average annual rate.

Vendor discounting in Blackwood is giving property investors an average Vendor Discount of around -5.56%. This puts suburb at number 240th in SA when ranking the most discounted suburbs.

At number 1411 in a list of fastest selling suburbs, Blackwood is in the TOP 40% of suburbs in Australia with an average of days on market 71.46 for properties listed there.

Blackwood has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.33% to date .

While Blackwood,5051 ranked number 88th in SA for increase in median house value (annualised) increase, it is ranked 45th over the last 5 years.

At number 99th of SA’s most discounted properties, Blackwood is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Blackwood the average time real estate has been on the market is 83 days.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.02%, investors should hope to achieve an overall return of 4.88%

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Blackwood is located around 12km south of the Adelaide CBD in the city’s southern foothills, and it’s an area that has seen a fair bit of action from certain sectors of the market, says Raine & Horne Blackwood principal Andrew Day.

Full summary

Blackwood is located around 12km south of the Adelaide CBD in the city’s southern foothills, and it’s an area that has seen a fair bit of action from certain sectors of the market, says Raine & Horne Blackwood principal Andrew Day.

“We have homes available from the mid $300,000’s to more than $1m,” he says. “But it is upgraders and renovators looking for three-bedroom homes on quarter acre blocks who are generating the most activity right now.”

This kind of property can be picked up for well below the suburb’s median price, says Day, with the typical price range stretching from the high $300,000s to the low $400,000s.

He adds that he’s currently advising sellers to be realistic with their price expectations, indicating that savvy buyers have the upper hand. 

“The key to our success is taking on the right listings – and sellers who understand current market conditions. This is why we have been able to achieve good sales results,” he says.

Blackwood has good road access to the city, making it around a 25-minute drive from the CBD, and also has its own train station. 

Close
HOUSE UNIT
$488,500 $319,750
-1.31% 0.71%
-6.06% -2.33%
3.50% 4.02%
$395 $300
73 16
4.20% 4.88%
71.46 83

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 4052
Median household income ($/weekly) 1313
Median age of persons 44
Median housing loan repayment ($/monthly) 1605
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 418 10.3
    35-44 years 557 13.7
    45-54 years 609 15.0
    55-64 years 600 14.8
    65-74 years 393 9.7
    Others 1475 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 1629 51.4
    Not Married 1258 39.7
    Defacto Relationship 284 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3054 77.7
    Greece 48 1.2
    Papua New Guinea 31 0.8
    United Kingdom 496 12.6
    Other 95 2.4
    Others 208 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 1.5
    Christianity 2082 56.3
    Islam 13 0.4
    Other Religious Groups 32 0.9
    No Religion 1498 40.5
    Others 22 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 155 10.2
    $600-$799 147 9.7
    $1,500-$1,999 184 12.2
    $2,000-$2,499 168 11.1
    $2,500-$2,999 138 9.1
    Others 721 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1186 35.6
    Not in the labour force 1126 33.8
    Employed, worked part-time 801 24.0
    Employed, away from work 121 3.6
    Unemployed, looking for work 98 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 228 10.8
    Professionals 750 35.6
    Technicians & trades workers 250 11.9
    Community & personal service workers 200 9.5
    Clerical & administrative workers 296 14.1
    Others 382 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.0
    Infants/Primary 331 33.4
    Secondary 244 24.6
    Technical or Further Educational Institution 82 8.3
    University or other Tertiary Institutions 248 25.0
    Others 37 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3438 89.4
    Semi-detached, row or terrace house, townhouse 349 9.1
    Flat, unit or apartment 58 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 696 42.5
    Being purchased 666 40.7
    Rented 259 15.8
    Other tenure type 17 1.0
    Tenure Type
Census 2011, ABS
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