Suburb Profile Report for Blackwall NSW (2256)

Blackwall House: Median price $643,000, Annual capital growth 6.51%, Number of sales 23, Weekly median advertised rent $440

Blackwall Unit: Median price $520,000, Annual capital growth 8.66%, Number of sales 11, Weekly median advertised rent $430

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Blackwall, 2256 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.14%

Blackwall,2256 has offered an average of -8.14% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Blackwall is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 254th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

If you compare the increase in value of investment property in Blackwall, 2256 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.46%.

Taking the average capital gain, or increase in median house value, Blackwall,2256 has racked up an average of 2.46% over the period. This ranks it number 270th in the whole country for real estate investors looking at median house price increases.

Blackwall is 206th on a list of best yielding suburbs for rents in NSW with a 4.30% return

Information supplied by:


August 2017

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Blackwall, NSW – Apartments sell like hotcakes

Postcode: 2256

Median unit price: $525,000

Three-year growth: 40.75%

Rental yield: 4.11%

Surrounded by beaches, the suburb of Blackwall is the dream for buyers who like the sand and sea. Despite its distance from the capital of Sydney, the suburb thrives with a strong overall trend of growth in the unit market.

It certainly helps that Blackwall is less than half an hour from the city of Gosford, the administrative centre of the Central Coast. Thus, residents are close to the conveniences of the CBD while still getting to enjoy nature. The Kitchener Reserve is located in this suburb, and trails lead to Blackwall Mountain and its exquisite views. 

It’s easy to see how Blackwall’s apartment prices have shown steady growth over the past five years, with over 14% increase recorded in the May 2017 quarter alone. The average discount rate is incredibly low at just 1.85%, and returns are considerably high at over 4%.

Metrics i HOUSE UNIT
$643,000 $520,000
-11.31% 0.00%
-8.14% 2.46%
6.51% 8.66%
$440 $430
23 11
3.44% 4.30%
83.875 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 1738
Median household income ($/weekly) 898
Median age of persons 45
Median housing loan repayment ($/monthly) 1820
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 187 10.8
    35-44 years 214 12.3
    45-54 years 234 13.5
    55-64 years 241 13.9
    65-74 years 199 11.5
    Others 662 38.1
    Age Group
    Census Count Percent(%)
    Not Married 648 48.9
    Registered Married 551 41.6
    Defacto Relationship 126 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1399 86.7
    Japan 10 0.6
    Papua New Guinea 15 0.9
    United Kingdom 85 5.3
    Other 33 2.0
    Others 71 4.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1226 77.9
    No Religion 311 19.8
    Buddhism 24 1.5
    Other Religious Groups 8 0.5
    Islam 4 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 64 9.8
    $400-$599 96 14.6
    $600-$799 80 12.2
    $800-$999 83 12.7
    $1,500-$1,999 77 11.7
    Others 256 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 645 47.2
    Employed, worked full-time 390 28.6
    Employed, worked part-time 229 16.8
    Unemployed, looking for work 62 4.5
    Employed, away from work 40 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 99 15.0
    Technicians & trades workers 120 18.1
    Community & personal service workers 85 12.8
    Clerical & administrative workers 106 16.0
    Sales 74 11.2
    Others 178 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 8.4
    Infants/Primary 111 33.1
    Secondary 106 31.6
    Technical or Further Educational Institution 38 11.3
    University or other Tertiary Institutions 42 12.5
    Others 10 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1290 79.3
    Flat, unit or apartment 262 16.1
    Semi-detached, row or terrace house, townhouse 69 4.2
    Caravan, cabin, houseboat 5 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 276 39.1
    Rented 229 32.5
    Being purchased 195 27.7
    Other tenure type 5 0.7
    Tenure Type
Census 2011, ABS
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