Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $562,500.
The upward trend in home prices in BLACKWOOD, 5051 averaged 2.04% per annum over a 3-year period.
Average weekly rents on listings have reached the $415 mark, reflecting a 3.84% increase in returns based on the current median price in BLACKWOOD.
An average of 5.58 real estate transactions take place per month in BLACKWOOD which translates to 67 per annum.
67 properties were sold in BLACKWOOD in 2016, making it the 66th most active market in SA based on total real estate transactions.
BLACKWOOD, 5051 places 121st in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $295,000.
Investors saw the median home price rise to $295,000.
The downward trend in home prices in BLACKWOOD, 5051 averaged -1.39% per annum over a 3-year period.
BLACKWOOD now ranks at the 111th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BLACKWOOD are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $297.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BLACKWOOD, homes and units usually stay on listing for an average of 54.5 days.
18 properties were sold in BLACKWOOD in 2016, making it the 113th most active market in SA based on total real estate transactions.
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