Suburb Profile Report for Blackwall NSW (2256)

Blackwall House: Median price $620,000, Annual capital growth 6.61%, Number of sales 21, Weekly median advertised rent $400

Blackwall Unit: Median price $555,000, Annual capital growth 8.10%, Number of sales 14, Weekly median advertised rent $405

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

With a capital gain of -14.48% for the last 12 months, Blackwall, 2256 has performed for property investments than its average annual 6.61% property growth over the last 5 years.

The five-year average increase in median property values for Blackwall,2256 has given property investors a potential capital gain of 31.91% across each of those five years.

With the median price for a house in Blackwall being $620000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.35%

Giving property investors a a stable capital gain of 6.73% for the last year, Blackwall, 2256 is the 386th highest performer in Australia in this respect.

Blackwall,2256 was ranked 27 in Australia by increase in median property value over the quarter.

At number 833 in a list of fastest selling suburbs, Blackwall is in the bottom 40% of suburbs in Australia with an average of days on market 85.5455 for properties listed there.

Information supplied by:


August 2017

M
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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
$620,000 $555,000
1.64% 15.63%
-14.48% 6.73%
6.61% 8.10%
$400 $405
21 14
3.35% 3.79%
80.6923076923077 85.5454545454546

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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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