Blacktown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.91% to date .
Blacktown,2148 was ranked 2210 in Australia by increase in median property value over the quarter.
At number 470th of NSW’s most discounted properties, Blacktown is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $430 mark per week – giving a return of 3.37% based on the median price in Suburb
With a capital gain of 6.19% for the last 12 months, Blacktown, 2148 has performed for property investments than its average annual 6.04% property growth over the last 5 years.
Across a shorter period, Blacktown, 2148 has seen a median price increase of 1.58% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Blacktown itself are offering an average vendor discount of -4.84% to real estate investors.
Advertised rents are around the $400 mark per week – giving a return of 4.45% based on the median price in Suburb