Blakehurst is in the bottom 40% in NSW when comparing median price capital growth over the last year. Blakehurst gave property investors a disappointing capital gain figure when compared to the rest of the state, with 7.46%.
While Blakehurst,2221 ranked number 1179th in NSW for increase in median house value (annualised) increase, it is ranked 318th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Blakehurst itself are offering an average vendor discount of -6.09% to real estate investors.
Situated 16.04km from the CBD, Blakehurst is one of Kogarah localities in the postcode 2221.
Blakehurst, 2221 ranked 35th in NSW when comparing growth in median property values or capital gain over the last 12 months. Blakehurst is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blakehurst has increased when compared to the 5 year average annual rate.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 14.57%.