Blackheath is a smaller suburb in New South Wales within the Blue Mountains local government area (postcode 2785). With a population of 4,672, the suburb has a mature demographic with a median age of 53. Households earn a median income of $69K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Blackheath is $1.1 million, having surged 21% over the past year. Units have a median price of $980,000 (+79.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,733.
Blackheath is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 2 rail stations, 70 bus stops. The crime rate in the Blue Mountains LGA is low at 1,829 incidents per 100,000 population.
From an investment perspective, Blackheath offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved +21.0% year-on-year.
Blackheath is a smaller suburb in New South Wales within the Blue Mountains local government area (postcode 2785). With a population of 4,672, the suburb has a mature demographic with a median age of 53. Households earn a median income of $69K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Blackheath is $1.1 million, having surged 21% over the past year. Units have a median price of $980,000 (+79.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,733.
Blackheath is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1045, which is around the national average of 1,000. Public transport access includes 2 rail stations, 70 bus stops. The crime rate in the Blue Mountains LGA is low at 1,829 incidents per 100,000 population.
From an investment perspective, Blackheath offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 15.4x is considered stretched. House prices have moved +21.0% year-on-year.