Suburb Profile Report for Blackwood SA (5051)

Blackwood House: Median price $602,500, Annual capital growth 3.20%, Number of sales 47, Weekly median advertised rent $450

Blackwood Unit: Median price $310,000, Annual capital growth 0.87%, Number of sales 13, Weekly median advertised rent $310

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

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

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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.

Information supplied by:


April 2019

M
O

W
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Slow and steady growth trend

Postcode: 5051

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.

Metrics i HOUSE UNIT
$602,500 $310,000
2.55% -3.50%
11.57% -4.98%
3.20% 0.87%
$450 $310
47 13
3.88% 5.20%
61.9354838709678 83.1666666666667

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

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4052
Median household income ($/weekly) 1313
Median age of persons 44
Median housing loan repayment ($/monthly) 1605
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 418 10.3
    35-44 years 557 13.7
    45-54 years 609 15.0
    55-64 years 600 14.8
    65-74 years 393 9.7
    Others 1475 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 1629 51.4
    Not Married 1258 39.7
    Defacto Relationship 284 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3054 77.7
    Greece 48 1.2
    Papua New Guinea 31 0.8
    United Kingdom 496 12.6
    Other 95 2.4
    Others 208 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 1.5
    Christianity 2082 56.3
    Islam 13 0.4
    Other Religious Groups 32 0.9
    No Religion 1498 40.5
    Others 22 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 155 10.2
    $600-$799 147 9.7
    $1,500-$1,999 184 12.2
    $2,000-$2,499 168 11.1
    $2,500-$2,999 138 9.1
    Others 721 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1186 35.6
    Not in the labour force 1126 33.8
    Employed, worked part-time 801 24.0
    Employed, away from work 121 3.6
    Unemployed, looking for work 98 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 228 10.8
    Professionals 750 35.6
    Technicians & trades workers 250 11.9
    Community & personal service workers 200 9.5
    Clerical & administrative workers 296 14.1
    Others 382 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.0
    Infants/Primary 331 33.4
    Secondary 244 24.6
    Technical or Further Educational Institution 82 8.3
    University or other Tertiary Institutions 248 25.0
    Others 37 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3438 89.4
    Semi-detached, row or terrace house, townhouse 349 9.1
    Flat, unit or apartment 58 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 696 42.5
    Being purchased 666 40.7
    Rented 259 15.8
    Other tenure type 17 1.0
    Tenure Type
Census 2011, ABS
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