Located in New South Wales within the Blacktown local government area, Blacktown is a large, densely settled suburb (postcode 2148). With a population of 50,961, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $92K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 most common occupations are professionals, machinery operators & drivers, clerical & administrative. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Australian, English, Indian.
Median house prices in Blacktown stand at $1.4 million, having risen steeply by 21.8% over the last twelve months. Units have a median price of $480,000 (-9.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,094.
Blacktown is served by 17 schools, including 9 primary, 6 secondary, 1 combined, 1 special. The average ICSEA score is 1006, which is around the national average of 1,000. Public transport access includes 1 rail station, 235 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
From an investment perspective, Blacktown shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +21.8% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.