Suburb Profile Report for Blackwood SA (5051)

Blackwood House: Median price $500,000, Annual capital growth 3.72%, Number of sales 71, Weekly median advertised rent $410

Blackwood Unit: Median price $333,500, Annual capital growth 3.18%, Number of sales 14, Weekly median advertised rent $298

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Blackwood has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.20% to date .

While Blackwood,5051 ranked number 143th in SA for increase in median house value (annualised) increase, it is ranked 283th over the last 5 years.

Our latest figures would indicate that property sellers in Blackwood are currently offering property investors an average price cut of -6.08% below the asking price at the moment.

In the last year 71 properties changed hands in Blackwood, which puts it as the 114th most active market in SA when comparing the number of sales per suburb.

Situated 10.28km from the CBD, Blackwood is one of Mitcham localities in the postcode 5051.

With a capital gain of 10.16% for the last 12 months, Blackwood, 5051 has performed for property investments than its average annual 3.18% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Blackwood has given property investors a paper return of 8.02%. This puts Suburb as 22 on a list of fastest fasting appreciating suburbs in SA

Blackwood, 5051 is offering SA ‘s 112th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.

Residents and property investors in Blackwood have been waiting around 63.45 days to sell a property.

Property investors should expect to get $297.5 weekly from the median priced house in this suburb.

Information supplied by:




M
O

W
E
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
$500,000 $333,500
2.04% 8.02%
-0.20% 10.16%
3.72% 3.18%
$410 $298
71 14
4.26% 4.64%
73.75 63.45

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Blackwood SA
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
Chart Table
Recent sales & rentals