If you compare the increase in value of investment property in Blacktown, 2148 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.19%.
Across a shorter period, Blacktown, 2148 has seen a median price increase of 2.55% over the last quarter.
Property investors looking for a bargain in Blacktown should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Blacktown, 2148 is in the Blacktown local government area.
Over the last year, property investments in Blacktown, 2148 have given investors a capital gain of 11.96%. This compares favourably with the 6.96% for NSW as a whole.
If we look at median property appreciation over just the last three months, Blacktown has given property investors a paper return of 5.42%. This puts Suburb as 122 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Blacktown is $515000, with sellers offering an average of -5.23% off the asking price.
Often selling an investment property can take time, and in Blacktown the average time real estate has been on the market is 57.42 days.
Property investors should expect to get $400 weekly from the median priced house in this suburb.