Property investors who have had real estate in Blackbutt, 2529 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 18.27%
While Blackbutt,2529 ranked number 63th in NSW for increase in median house value (annualised) increase, it is ranked 248th over the last 5 years.
Sellers are offering property buyers an average discount of -6.77% to buyers in Blackbutt at the moment, which is less than average for the rest of NSW.
A $515 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 6.63%.
NSW has seen average median house prices change by 5.88% which means that Blackbutt, 2529 has done well for property investors by showing a capital gain of 7.27% over the last year
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 -4.41. This rate of discount on properties puts Suburb at number 435th in terms of most discounted 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 30.36 days.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 4.62%, without taking into account capital value appreciation, which has been averaging out at 5.65%.