Over the last year, property investments in Blacktown, 2148 have given investors a capital gain of -5.33%. This compares badly with the 0.62% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Blacktown comes in at number 1141th in NSW.
Sellers are offering property buyers an average discount of -6.03% to buyers in Blacktown at the moment, which is less than average for the rest of NSW.
Situated 30.16km from the CBD, Blacktown is one of Blacktown (C) localities in the postcode 2148.
Property investors who have had real estate in Blacktown, 2148 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.75%
Comparing Blacktown,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 161th of NSW’s most discounted properties, Blacktown is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Blacktown have been waiting around 67.14 days to sell a property.
The NSW suburb of Blacktown, 2148 is in the Blacktown (C) local government area.
Home to a well-knit community, the suburb of Blacktown in Sydney's west has enjoyed massive growth over the last few yearsFull summary
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.Close