Thinking about buying in Blackwood? Now could not be a better time, with 2575 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $771,000 with prices in this suburb ranging from $318,000 to $3,294,000. Blackwood is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Blackwood Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Blackwood driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Blackwood are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Blackwood provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Blackwood to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Blackwood the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Blackwood

	11 victoria st, blackwood, vic, 3458	3	1	2	$630,000 Idyllic Forest Setting
	28 view cr, blackwood, vic, 3458	2	1	2	$640,000 Charming Cottage
	31 golden point rd, blackwood, vic, 3458				$220,000 Stroll to Town
	33 wall st, blackwood, vic, 3458	2	1	2	$520,000 Surrounded by Native Bushland
	35 view cr, blackwood, vic, 3458	3	1	3	$730,000-$749,000 Countryside Retreat

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