Property value increases in Blacktown have tracked close to the NSW average of 6.02% over the last 12 months.
Blacktown,2148 was ranked 2325 in Australia by increase in median property value over the quarter.
Blacktown, 2148 is offering NSW ‘s 465th 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.
Situated 30.28km 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 ok 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 4.38%
When looking at the potential capital gains offered to property investors over the last 3 years, Blacktown comes in at number 430th in NSW.
Our latest figures would indicate that property sellers in Blacktown are currently offering property investors an average price cut of -4.15% below the asking price at the moment.
Blacktown is 222th on a list of best yielding suburbs for rents in NSW with a 4.00% return
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.