Blackwood

Blackwood, VIC 3458 is a small suburb with a population of 387 residents. The area has a diverse age range, with a significant number of residents aged 45-64 years. The majority of residents commute by motor vehicle, while a notable proportion work from home. The suburb has a high ICSEA value, indicating good educational opportunities for students attending government schools. Blackwood presents a good opportunity for house investors looking for potential renovation projects, as indicated by the high Sale Price IQR ratio. The suburb has shown consistent median growth over the past years, with a median price below neighbouring suburbs. With a stable market absorption rate, there is potential for future price appreciation. Homeowners looking to live in the area can benefit from the affordable median rental price and a low discount median. Blackwood, VIC 3458 offers a peaceful lifestyle with good educational facilities and a range of age demographics. Investors focusing on houses may find opportunities for renovation projects with the suburb's high Sale Price IQR ratio. The area has shown steady growth and presents affordable rental prices for residents. Overall, Blackwood is a suburb worth considering for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022