Blacktown has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -9.52% to date .
Comparing Blacktown,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 549th of NSW’s most discounted properties, Blacktown is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Blacktown, 2148’s gross rental yield is 3.36%
Blacktown, 2148 ranked 449th in NSW when comparing growth in median property values or capital gain over the last 12 months. Blacktown is one of 3163 in our list for NSW
Over the longer term, Blacktown has seen property prices show investors a -0.11% 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 Blacktown is offering property investors an average of -6.91. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in NSW
In the last year 200 properties changed hands in Blacktown, which puts it as the 30th most active market in NSW when comparing the number of sales per suburb.
Blacktown, 2148’s gross rental yield is 4.45%
Information supplied by:
Unit market slows
Median unit price: $549,995
Three-year growth: 31.0%
Rental yield: 3.9%
Home to a well-knit community, the suburb of Blacktown in Sydney’s west has enjoyed massive growth over the last few years.
The suburb’s upswing has been consistent since 2013. Although growth in Blacktown has slowed a bit in tandem with Sydney, with the unit market going flat in the three months to August 2018, prices still increased by 5.7% in the August 2017-2018 period. The average discount rate remains reasonably low at 4.4%, suggesting the presence of demand.
Blacktown is regarded as one of the most multicultural areas in Sydney, and has several amenities thanks to the housing developments in the area, including cafes, shops, and restaurants. There are also many activities for residents to bond together in – neighhourhood barbecues, classes and garden competitions. The suburb is a public transportation hub for trains (via the Blacktown railway station) and buses.