Over the last year, property investments in Blackbutt, 2529 have given investors a capital gain of 15.74%. This compares favourably with the 8.99% for NSW as a whole.
The five-year average increase in median property values for Blackbutt,2529 has given property investors a potential capital gain of 53.85% across each of those five years.
Vendor discounting in Blackbutt is giving property investors an average Vendor Discount of around -3.32%. This puts suburb at number 1074th in NSW when ranking the most discounted suburbs.
In the last year 46 properties changed hands in Blackbutt, which puts it as the 704th most active market in NSW when comparing the number of sales per suburb.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.16%, without taking into account capital value appreciation, which has been averaging out at 5.45%.
At number 163th in the list of Australian suburbs ordered by increase in median house value over the last year, Blackbutt, 2529 is in the top 10% with a property value increase of 17.93% recorded in median house prices.
Across a shorter period, Blackbutt, 2529 has seen a median price increase of 3.09% over the last quarter.
Blackbutt, 2529 is offering NSW ‘s 448th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Often selling an investment property can take time, and in Blackbutt the average time real estate has been on the market is 38.67 days.
Blackbutt is 201th on a list of best yielding suburbs for rents in NSW with a 4.53% return