Question 1

Is Blackwood a nice place to live?

Accepted Answer

Blackwood is a small historic gold-mining village in central Victoria, tucked into the forested foothills of the Great Dividing Range. Streets of weatherboard cottages, timber houses and a few hobby farms sit beside eucalypt and pine forest, creek gullies and a network of bush tracks that are popular for walking and mountain biking. The village has a modest centre, a community hall, the Blackwood Recreation Reserve with an off-leash dog area, the Blackwood Mineral Springs picnic ground and the Memorial Hall, but most everyday shopping and services are found in larger nearby towns, so life here tends to be car dependent.

The community is small — 387 people with a median age of 47 — and homes are largely owner-occupied (about 89.9%). Families are mainly couples, with roughly four in five family households being couples with or without children. Council is exploring a hiking hub and linked walking routes for the area and has listed a Recreation Reserve pedestrian bridge as a local project ask. Whether Blackwood suits you will come down to whether you want a quiet country base with outdoor recreation close at hand.

Question 2

Is it expensive to live in Blackwood?

Accepted Answer

Blackwood hasn't had enough recent sales or rentals to put reliable figures on what homes cost to buy or rent. Without those price and rent figures, it isn't possible to describe how expensive living in Blackwood is compared with local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Blackwood a good place to invest?

Accepted Answer

Blackwood's median house value edged up 1.1% over the past 12 months. For someone weighing the suburb as an investment, that 1.1% is the capital-growth signal — it shows house prices rose slightly over the year. Whether that level of movement fits your investment goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	1.1%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	53	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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