Located in New South Wales within the Lithgow local government area, Blackmans Flat is a quiet locality (postcode 2790). The area has roughly 22 residents and an established family demographic, with a median age of 38. Households earn a median income of $117K per year, with an average household size of 3.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The top ancestries reported are English, Australian, Scottish.
The median house price in Blackmans Flat is $218,000, broadly unchanged over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 10.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 bus stop. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 10.5% (high yield). Property prices sit below the state median ($218K/$1.5M), which can point to relative value. The price-to-income ratio of 1.9x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.