With a capital gain of 11.57% for the last 12 months, Blackwood, 5051 has performed for property investments than its average annual 3.20% property growth over the last 5 years.
A 20.74% growth in median value for property investors in Blackwood,5051 puts this suburb at number 102th in terms of best performing suburbs in SA
Sellers are offering property buyers an average discount of -3.24% to buyers in Blackwood at the moment, which is less than average for the rest of SA.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 3.20%.
Blackwood, 5051 ranked 48th in SA when comparing growth in median property values or capital gain over the last 12 months. Blackwood is one of 853 in our list for SA
Taking the average capital gain, or increase in median house value, Blackwood,5051 has racked up an average of -4.98% over the period. This ranks it number 1074th in the whole country for real estate investors looking at median house price increases.
Often selling an investment property can take time, and in Blackwood the average time real estate has been on the market is 83.1667 days.
Situated 10.27km from the CBD, Blackwood is one of Mitcham (C) localities in the postcode 5051.
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Slow and steady growth trend
Median unit price: $310,000
Three-year growth: 7.4%
Rental yield: 4.9%
A lush green spot tucked into the foothills of Adelaide, the suburb of Blackwood provides a country lifestyle without being too far from the city.
Units carry a low price tag here at a median value of just $310,000. At the same time it has steadily been on the growth trend since 2014 while offering reasonable yields of 4.9%
Nature abounds in this area, with the Wittunga Botanic Garden showcasing both Australian and South African flora. At Sturt Gorge Recreation Park, those on a walking or cycling trail may even chance upon animal icons like kangaroos and koalas exploring the park. Waterfalls, creeks and other bodies of water are abundant as well.
The Blackwood railway station is the centre of public transport in the area, with both buses and trains passing through.