Investment property in Blackbutt has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.46%
Property buyers and investors in Blackbutt 2529 should be seeing an average reduction in asking price of around -6.33% . This means that Blackbutt is holding prices well when compared to other suburbs in NSW.
A $527.5 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 5.07%.
With a capital gain of 11.67% for the last 12 months, Blackbutt, 2529 has performed for property investments than its average annual 5.51% property growth over the last 5 years.
Over the longer term, Blackbutt has seen property prices show investors a 25.07% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Blackbutt is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 462th in terms of most discounted suburbs in NSW