Property value increases in Blacktown have tracked just lower than the NSW average of 10.13% over the last 12 months.
Comparing Blacktown,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Blacktown, 2148. Typically our figures indicate that -4.82% is being offered, which puts this NSW suburb at 2450th most discounted overall in Australia.
At number 1261 in a list of fastest selling suburbs, Blacktown is in the TOP 40% of suburbs in Australia with an average of days on market 63.48 for properties listed there.
Blacktown, 2148’s gross rental yield is 3.11%
NSW has seen average median house prices change by 7.74% which means that Blacktown, 2148 has done well for property investors by showing a capital gain of 10.75% over the last year
Taking the average capital gain, or increase in median house value, Blacktown,2148 has racked up an average of 10.75% over the period. This ranks it number 170th 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 -4.94%. This puts suburb at number 131th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $400 mark per week – giving a return of 4.08% based on the median price in Suburb