Suburb Profile Report for Blakeview SA (5114)

Blakeview House: Median price $320,000, Annual capital growth 3.95%, Number of sales 125, Weekly median advertised rent $308

Blakeview Unit: Median price $250,000, Annual capital growth N/A, Number of sales 19, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Blakeview, 5114 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 8.47%.

When looking at the potential capital gains offered to property investors over the last 3 years, Blakeview comes in at number 359th in SA.

LACK OF BUYER INTEREST may well be the reason that Blakeview is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 178th in terms of most discounted suburbs in SA

At number 3073 in a list of fastest selling suburbs, Blakeview is in the bottom 20% of suburbs in Australia with an average of days on market 116.36 for properties listed there.

A $307.5 per week rent on the median house gives suburb investors a gross yield of circa 5.00%, without taking into account capital value appreciation, which has been averaging out at 3.95%.

If we look at median property appreciation over just the last three months, Blakeview has given property investors a paper return of -1.77%. This puts Suburb as 133 on a list of fastest fasting appreciating suburbs in SA

YIP MAG Information supplied by:

YIP MAG
May 2016

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They were already relatively scarce, but rental properties in Blakeview, which is just under 30km northeast of Adelaide’s CBD, are becoming even harder to find.Full summary They were already relatively scarce, but rental properties in Blakeview, which is just under 30km northeast of Adelaide’s CBD, are becoming even harder to find.

In fact, according to figures from Real Estate Investar, the suburb’s vacancy rate has more than halved in the last 12 months from 3.01% to 1.45%.

Blakeview’s affordability may be helping it keep its rental properties tenanted, with the median weekly rent for a house currently sitting at $300.

For investors in the area, that means the suburb has a 5% rental yield. 

While that may be delivering owners decent cash flow, capital growth prospects in Blakeview don’t see quite as appealing, with the current median house price having grown only 3% in the last five years.Close
HOUSE UNIT
$320,000 $250,000
-5.54% -1.77%
8.47% N/A
3.95% N/A
$308 N/A
125 19
5.00% N/A
116.36 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 5092
Median household income ($/weekly) 1253
Median age of persons 30
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 486 9.5
    5-14 years 806 15.8
    25-34 years 790 15.5
    35-44 years 822 16.1
    45-54 years 671 13.2
    Others 1518 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 1741 48.4
    Not Married 1309 36.4
    Defacto Relationship 550 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4015 80.7
    Papua New Guinea 51 1.0
    Philippines 32 0.6
    United Kingdom 618 12.4
    Other 128 2.6
    Others 133 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.4
    Christianity 2680 57.6
    Islam 10 0.2
    Other Religious Groups 36 0.8
    No Religion 1899 40.8
    Others 6 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 163 10.0
    $1,000-$1,249 206 12.6
    $1,250-$1,499 175 10.7
    $1,500-$1,999 270 16.6
    $2,000-$2,499 216 13.3
    Others 600 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1662 44.9
    Not in the labour force 1013 27.3
    Employed, worked part-time 703 19.0
    Unemployed, looking for work 170 4.6
    Employed, away from work 157 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 292 11.6
    Technicians & trades workers 387 15.4
    Community & personal service workers 294 11.7
    Clerical & administrative workers 375 14.9
    Labourers 341 13.5
    Others 828 32.9
    Occupation
    Census Count Percent(%)
    Pre-school 96 7.3
    Infants/Primary 588 44.8
    Secondary 356 27.1
    Technical or Further Educational Institution 131 10.0
    University or other Tertiary Institutions 104 7.9
    Others 37 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4905 98.9
    Semi-detached, row or terrace house, townhouse 55 1.1
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1010 57.2
    Rented 438 24.8
    Fully owned 313 17.7
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals