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Blackwood, VIC 3458

Home » VIC Real Estate Data » Moorabool Shire, VIC » Blackwood, VIC 3458

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, VIC 3458 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.

Buy 

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Rent 

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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, VIC 3458”

  1. The total adult population (15 years or older) of Blackwood 3458 VIC is 325, with a median age of 47. Of those, 37.85% are married, 16.92% are divorced or separated, 40.62% are single and 3.69% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $7,348. The median monthly mortgage repayment for households in this suburb is $1,300 which is 17.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the idyllic suburb of BLACKWOOD 3458 holds an estimated 366 households, offering both a tight-knit community feel and promising investment opportunities. As we move into Q3 of 2023, typical house prices in BLACKWOOD 3458 are averaging a modest $661,017, paired along with a median weekly rent of $401. These figures culminate in an attractive indicative yield of 3.15%, aligning comfortably above the attractive market requirement for cash-flow focused property investors.

    In terms of socio-economic standing, BLACKWOOD 3458 scores a robust 986 out of a possible 1217, showcasing an area that is vibrant, resourceful and enriched with middle to high-income levels. The renter to owner ratio is commendably low at 10%, while the units to houses ratio is merely 1%. These low percentages indicate a strong owner occupancy rate and greater demand for houses, leading to less competition between investors for tenants and potentially greater rental yields.

    However, the affordability index in BLACKWOOD 3458 stands at 35 years. This surpasses the standard 30-year expectation for mortgages and rings cautionary notes about the suburb’s affordability. Nonetheless, such factors can be mitigated with an informed investment strategy and should not deter potential investors.

    On the supply front, the stock on the market percentage for houses is well within the neutral range at 0.82%. The inventory level for houses edges towards the high side at 6 months, suggesting a slightly larger time frame for stock absorption but balances against the low building approvals ratio at 0.27%, indicating that there’s unlikely to be a sudden oversupply of new houses in the market.

    Demand-wise, houses in BLACKWOOD 3458 have an average market presence of 191 days, hinting at slower turnover rates. The vacancy rate stands at 2.78%, sitting within the neutral range, thus it’s neither a high-demand nor low-demand market. However, the buy search index for houses is exceptionally high at 8, indicating a potentially vibrant buying interest for properties in the area.

    The property market in BLACKWOOD 3458 represents a dynamic portfolio of both strengths and areas of improvement. Investors exploring options in this suburb could benefit from familiarising themselves with these critical metrics and tracking their progression over time using the IRCAD and HtAG Analytics for accurate market forecasts.

    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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