Blackwood vs Walkley Heights
Property investment comparison - Blackwood, SA 5051 vs Walkley Heights, SA 5098
Head-to-head across core investment metrics: Blackwood wins 3, Walkley Heights wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Blackwood | Walkley Heights |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | $700K | $515K |
| Gross rental yield (houses) | 3.10% | - |
| Gross rental yield (units) | 3.87% | 3.24% |
| 1-year house growth | +7.1% | +12.1%estimate |
| 3-year house growth | +39.4% | - |
| Vacancy rate | 0.4% | 1.0% |
| Population | 4,266 | 3,513 |
Blackwood vs Walkley Heights: what the numbers say
The median house price is $1.1M in Blackwood and $1.1M in Walkley Heights, so Blackwood is the cheaper entry point.
For units, Blackwood sits at a median of $700K against $515K in Walkley Heights, which makes Walkley Heights the more affordable unit market and Blackwood the pricier one.
Over the past year house prices moved +7.1% in Blackwood and +12.1% in Walkley Heights (an estimate), so recent momentum favours Walkley Heights, although both suburbs recorded growth.
Rental vacancy is 0.4% in Blackwood and 1.0% in Walkley Heights, so landlords in Blackwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Blackwood is the bigger suburb, with a population of 4,266 against 3,513, larger than Walkley Heights; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Blackwood for a lower purchase price, Walkley Heights for recent price momentum, Blackwood for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Walkley Heights, SA 5098
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