Blackwood is a smaller suburb in South Australia within the Mitcham local government area (postcode 5051). With a population of 4,266, the suburb has a mature demographic with a median age of 45. Households earn a median income of $89K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Blackwood is $1.1 million, having surged 10.8% over the past year. Units have a median price of $600,000 (+31.8% YoY). The current median weekly rent is $578. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Blackwood is served by 1 school, including 1 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 26 bus stops. The crime rate in the Mitcham LGA is below average at 2,954 incidents per 100,000 population.
From an investment perspective, Blackwood offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +10.8% year-on-year.
Blackwood is a smaller suburb in South Australia within the Mitcham local government area (postcode 5051). With a population of 4,266, the suburb has a mature demographic with a median age of 45. Households earn a median income of $89K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Blackwood is $1.1 million, having surged 10.8% over the past year. Units have a median price of $600,000 (+31.8% YoY). The current median weekly rent is $578. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Blackwood is served by 1 school, including 1 primary. The average ICSEA score is 1119, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 26 bus stops. The crime rate in the Mitcham LGA is below average at 2,954 incidents per 100,000 population.
From an investment perspective, Blackwood offers a gross rental yield of 2.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 12.3x is considered stretched. House prices have moved +10.8% year-on-year.