At number 1154th in the list of Australian suburbs ordered by increase in median house value over the last year, Blackwood, 5051 is in the top 30% with a property value increase of 3.22% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Blackwood comes in at number 91th in SA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Blackwood, 5051. Typically our figures indicate that -5.39% is being offered, which puts this SA suburb at 2374th most discounted overall in Australia.
With the median price for a house in Blackwood being $545000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.29%
Blackwood, 5051 ranked 31th 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
While Blackwood,5051 ranked number 57th in SA for increase in median house value (annualised) increase, it is ranked 43th over the last 5 years.
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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.