With a capital gain of 10.52% for the last 12 months, Blackbutt, 2529 has performed for property investments than its average annual 5.54% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackbutt has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Blackbutt is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 1051th in terms of most discounted suburbs in NSW
With a capital gain of 14.22% for the last 12 months, Blackbutt, 2529 has performed for property investments than its average annual 5.70% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Blackbutt,2529 has racked up an average of 14.22% over the period. This ranks it number 385th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Blackbutt 2529 should be seeing an average reduction in asking price of around -1.62% . This means that Blackbutt is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Blackbutt the average time real estate has been on the market is 40.36 days.