Investment property in Blackwall has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.74%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackwall has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Blackwall should be aiming for at least -4.41% off the asking price, which is the average vendor discount being achieved at the moment.
Blackwall is in the TOP 30% in NSW when comparing median price capital growth over the last year. Blackwall gave property investors a good capital gain figure when compared to the rest of the state, with 11.77%.
Taking the average capital gain, or increase in median house value, Blackwall,2256 has racked up an average of 11.77% over the period. This ranks it number 421th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Blackwall is $480000, with sellers offering an average of -1.88% off the asking price.
At number 308 in a list of fastest selling suburbs, Blackwall is in the TOP 30% of suburbs in Australia with an average of days on market 55.11 for properties listed there.
Situated 35.20km from the CBD, Blackwall is one of Gosford localities in the postcode 2256.