Blackwood is a compact suburb in South Australia within the Mitcham local government area (postcode 5051). It is home to about 4,266 residents, with a mature demographic and a median age of 45. Households earn a median income of $89K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 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, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Blackwood has a median house price of $1.3 million, which has climbed sharply by 17.3% year-on-year. Units have a median price of $600,000 (+31.8% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 2.3%. 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 shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved +17.3% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.