Property value increases in Blackwall have tracked just higher than the NSW average of 7.93% over the last 12 months.
While Blackwall,2256 ranked number 549th in NSW for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
Our latest figures would indicate that property sellers in Blackwall are currently offering property investors an average price cut of -4.07% below the asking price at the moment.
Advertised rents are around the $420 mark per week – giving a return of 3.44% based on the median price in Suburb
If you compare the increase in value of investment property in Blackwall, 2256 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.24%.
While Blackwall,2256 ranked number 249th in NSW for increase in median house value (annualised) increase, it is ranked 57th 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 Blackwall, 2256. Typically our figures indicate that -2.65% is being offered, which puts this NSW suburb at 1354th most discounted overall in Australia.
Blackwall is 145th on a list of best yielding suburbs for rents in NSW with a 4.81% return