Suburb Profile Report for Blackwood SA (5051)

Blackwood House: Median price $549,500, Annual capital growth 3.83%, Number of sales 67, Weekly median advertised rent $420

Blackwood Unit: Median price $299,000, Annual capital growth 2.23%, Number of sales 17, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Blackwood have tracked higher than the SA average of 4.16% over the last 12 months.

The five-year average increase in median property values for Blackwood,5051 has given property investors a potential capital gain of 16.91% across each of those five years.

Property buyers and investors in Blackwood 5051 should be seeing an average reduction in asking price of around -5.43% . This means that Blackwood is holding prices well when compared to other suburbs in SA.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Over the last year, property investments in Blackwood, 5051 have given investors a capital gain of -6.49%. This compares badly with the 2.69% for SA as a whole.

If we look at median property appreciation over just the last three months, Blackwood has given property investors a paper return of -1.16%. This puts Suburb as 125 on a list of fastest fasting appreciating suburbs in SA

Property investors looking for a bargain in Blackwood should be aiming for at least -7.33% off the asking price, which is the average vendor discount being achieved at the moment.

Blackwood, 5051’s gross rental yield is 5.13%

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Blackwood is located around 12km south of the Adelaide CBD in the city’s southern foothills, and it’s an area that has seen a fair bit of action from certain sectors of the market, says Raine & Horne Blackwood principal Andrew Day.

Full summary

Blackwood is located around 12km south of the Adelaide CBD in the city’s southern foothills, and it’s an area that has seen a fair bit of action from certain sectors of the market, says Raine & Horne Blackwood principal Andrew Day.

“We have homes available from the mid $300,000’s to more than $1m,” he says. “But it is upgraders and renovators looking for three-bedroom homes on quarter acre blocks who are generating the most activity right now.”

This kind of property can be picked up for well below the suburb’s median price, says Day, with the typical price range stretching from the high $300,000s to the low $400,000s.

He adds that he’s currently advising sellers to be realistic with their price expectations, indicating that savvy buyers have the upper hand. 

“The key to our success is taking on the right listings – and sellers who understand current market conditions. This is why we have been able to achieve good sales results,” he says.

Blackwood has good road access to the city, making it around a 25-minute drive from the CBD, and also has its own train station. 

Close
Metrics i HOUSE UNIT
$549,500 $299,000
6.49% -1.16%
12.83% -6.49%
3.83% 2.23%
$420 $295
67 17
3.97% 5.13%
55.15 69.41

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Blackwood SA
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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Recent sales & rentals