Blacktown, 2148 ranked 1101th 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
If we look at median property appreciation over just the last three months, Blacktown has given property investors a paper return of -2.12%. This puts Suburb as 984 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Blacktown is giving property investors an average Vendor Discount of around -6.47%. This puts suburb at number 689th in NSW when ranking the most discounted suburbs.
Blacktown, 2148’s gross rental yield is 3.17%
With a capital gain of 0.00% for the last 12 months, Blacktown, 2148 has performed for property investments than its average annual 8.30% property growth over the last 5 years.
Across a shorter period, Blacktown, 2148 has seen a median price increase of 0.00% over the last quarter.
Property investors looking for a bargain in Blacktown should be aiming for at least -4.74% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 327 properties changed hands in Blacktown, which puts it as the 13th most active market in NSW when comparing the number of sales per suburb.
Situated 29.76km from the CBD, Blacktown is one of Blacktown (C) localities in the postcode 2148.
Home to a well-knit community, the suburb of Blacktown in Sydney's west has enjoyed massive growth over the last few yearsFull summary
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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