Giving property investors a an average capital gain of 5.65% for the last year, Blacktown, 2148 is the 2013th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Blacktown comes in at number 266th in NSW.
Our latest figures would indicate that property sellers in Blacktown are currently offering property investors an average price cut of -6.06% below the asking price at the moment.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 7.60%.
Property value increases in Blacktown have tracked close to the NSW average of 8.14% over the last 12 months.
Blacktown,2148 was ranked 556 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Blacktown should be aiming for at least -4.61% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $400 mark per week – giving a return of 4.51% based on the median price in Suburb