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Blackwood, SA 5051

Home » SA Real Estate Data » City of Mitcham, SA » Blackwood, SA 5051

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Blackwood, SA 5051 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Blackwood, SA 5051”

  1. The total adult population (15 years or older) of Blackwood 5051 SA is 3,540, with a median age of 45. Of those, 49.83% are married, 12.15% are divorced or separated, 32.29% are single and 5.79% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,172. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.89% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Blackwood 5051, nestled in South Australia, is a region home to approximately 2,268 households. As we step into Q3 of 2023, the typical house pricing in Blackwood 5051 sits at an impressive $928,312. Concurrently, the median weekly rent hovers around $559, translating to an indicative yield of approximately 3.13%.

    On the socio-economic scale, Blackwood 5051 scores high with an IRSAD score of 1055, out of a maximum of 1217. This score suggests an above-average socio-economic status for the population, implying access to favourable economic resources, higher income levels, and occupations in skilled professions.

    The property landscape in Blackwood 5051 is predominantly comprised of homeowners with a promising renter to owner ratio of 15%. Further favouring a tight property market is the unit to house ratio at 18%, showing a lower concentration of unit listings and supplying landlords with less competition for tenants.

    However, when it comes to property ownership affordability, the index points to a higher benchmark of 40 years. This indicates that purchasing a property in Blackwood 5051 is a more significant financial undertaking than in places with a lesser index.

    Diving into supply metrics, Blackwood 5051 enjoys a low ‘Stock on Market Percentage’ at 0.3% and an ‘Inventory Level’ of 1.11 months, suggesting a tightly held market with lower supply. The ‘Building Approval Ratio’ is moderately low at 0.61%, meaning fewer new residential constructions are likely to influence the supply-demand dynamics in the short term.

    Turning our focus to demand metrics, ‘Days on Market’ for houses stands at 116, indicating a slightly cooled demand. However, the low ‘Vacancy Rate’ of 0.6% and a ‘Buy Search Index’ of 5 balances out the demand picture, suggesting high occupant interest in the suburb.

    While not every metric favours the investor outright, Blackwood 5051’s property market shows considerable merit as an investment hub, typified by a landlord-friendly market mix of lower supply and steady demand. Keep in mind that trends are an essential piece of the decision-making process, and it’s crucial to establish a comprehensive understanding of property market data to remain vigilant of potential opportunities for capital gains and positive cash flows.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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