Blackbutt has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.10% to date .
Comparing Blackbutt,2529 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Blackbutt is giving property investors an average Vendor Discount of around -6.17%. This puts suburb at number 373th in NSW when ranking the most discounted suburbs.
Blackbutt, 2529’s gross rental yield is 4.26%
Giving property investors a a stable capital gain of 8.31% for the last year, Blackbutt, 2529 is the 480th highest performer in Australia in this respect.
Over the longer term, Blackbutt has seen property prices show investors a 24.20% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -1.48% to buyers in Blackbutt at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
With the median price for a house in Blackbutt being $465750 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 4.52%