Property value increases in Blackwood have tracked just lower than the SA average of 17.52% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackwood has increased when compared to the 5 year average annual rate.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.27% offered to property buyers. Sellers in Blackwood itself are offering an average vendor discount of -2.76% to real estate investors.
At number 1702 in a list of fastest selling suburbs, Blackwood is in the TOP 40% of suburbs in Australia with an average of days on market 30.3214 for properties listed there.
If you compare the increase in value of investment property in Blackwood, 5051 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 14.12%.
Across a shorter period, Blackwood, 5051 has seen a median price increase of 6.32% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Blackwood is offering property investors an average of -2.35. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in SA
With the median price for a house in Blackwood being $394600 and the advertised rent reaching $622.5 the gross rental yield for property investors calculates out to be 3.20%
Information supplied by:
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.