If you compare the increase in value of investment property in Blackwood, 5051 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 9.54%.
The five-year average increase in median property values for Blackwood,5051 has given property investors a potential capital gain of 32.00% across each of those five years.
Blackwood, 5051 is offering SA ‘s 119th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Blackwood, 5051’s gross rental yield is 3.94%
Giving property investors a a solid capital gain of 38.24% for the last year, Blackwood, 5051 is the 26th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Blackwood has given property investors a paper return of -7.30%. This puts Suburb as 139 on a list of fastest fasting appreciating suburbs in SA
Situated 10.40km 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.