Property value increases in Blacksmiths have tracked just lower than the NSW average of 11.06% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blacksmiths has increased when compared to the 5 year average annual rate.
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 Blacksmiths itself are offering an average vendor discount of -4.50% to real estate investors.
Residents and property investors in Blacksmiths have been waiting around 63.4 days to sell a property.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 6.16%, investors should hope to achieve an overall return of 3.48%