Blacktown, 2148 ranked 1145th 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
Taking the average capital gain, or increase in median house value, Blacktown,2148 has racked up an average of -4.00% over the period. This ranks it number 2761th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Blacktown, 2148. Typically our figures indicate that -5.92% is being offered, which puts this NSW suburb at 2367th most discounted overall in Australia.
Blacktown is 1046th on a list of best yielding suburbs for rents in NSW with a 3.18% return
If you compare the increase in value of investment property in Blacktown, 2148 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.00%.
Comparing Blacktown,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Blacktown, 2148 is offering NSW ‘s 336th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
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