Black Springs

Black Springs, NSW 2787, is a small suburb with a population of 227 residents. The median household income is above average. The majority of residents are aged over 45 years, indicating an older demographic. There is a mix of occupations present, with Managers being the dominant occupation group. The suburb has a low percentage of residents commuting via walking or working from home. Given the high market absorption rate and low stock on market rate, there is high demand for houses in the area. The suburb has shown negative median growth in the short term but positive growth over the long term. With a large portion of residents being in the managerial occupation group, there is potential for strong future growth in property values. Black Springs presents an opportunity for property investors interested in houses. The suburb's demographics skew towards older residents and managerial occupations, indicating stability and potential for growth. The high market absorption rate suggests a strong demand for housing in the area, making it an attractive option for investors seeking long-term appreciation. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022