Over the last year, property investments in Blacktown, 2148 have given investors a capital gain of 10.15%. This compares averagely with the 11.06% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Blacktown,2148 has racked up an average of 10.15% over the period. This ranks it number 713th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Blacktown is giving property investors an average Vendor Discount of around -4.81%. This puts suburb at number 568th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 9.12%, investors should hope to achieve an overall return of 3.03%
Investment property in Blacktown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.13%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blacktown has increased when compared to the 5 year average annual rate.
Vendor discounting in Blacktown is giving property investors an average Vendor Discount of around -4.91%. This puts suburb at number 121th in NSW when ranking the most discounted suburbs.
Blacktown, 2148’s gross rental yield is 4.00%