Investment property in Blacktown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.68%
While Blacktown,2148 ranked number 805th in NSW for increase in median house value (annualised) increase, it is ranked 204th over the last 5 years.
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 -4.86% is being offered, which puts this NSW suburb at 2556th most discounted overall in Australia.
On average over the past year, suburb has had 41.75 sales per month, which equates to 501 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 8.61%, investors should hope to achieve an overall return of 3.17%
If you compare the increase in value of investment property in Blacktown, 2148 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.11%.
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.
At number 110th of NSW’s most discounted properties, Blacktown is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 327 properties changed hands in Blacktown, which puts it as the 19th most active market in NSW when comparing the number of sales per suburb.