Suburb Profile Report for Blacktown NSW (2148)

Blacktown House: Median price $665,000, Annual capital growth 7.67%, Number of sales 354, Weekly median advertised rent $425

Blacktown Unit: Median price $460,000, Annual capital growth 5.71%, Number of sales 200, Weekly median advertised rent $405

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Blacktown, 2148 have given investors a capital gain of -8.90%. This compares badly with the -4.21% for NSW as a whole.

Comparing Blacktown,2148 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Blacktown is giving property investors an average Vendor Discount of around -6.81%. This puts suburb at number 533th in NSW when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

Giving property investors a a poor capital gain of -15.60% for the last year, Blacktown, 2148 is the 1372th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Blacktown has given property investors a paper return of -5.15%. This puts Suburb as 428 on a list of fastest fasting appreciating suburbs in NSW

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 -8.49% is being offered, which puts this NSW suburb at 183th most discounted overall in Australia.

A $405 per week rent on the median house gives suburb investors a gross yield of circa 4.58%, without taking into account capital value appreciation, which has been averaging out at 5.71%.

Information supplied by:


November 2018

M
O

W
E

Unit market slows

Postcode: 2148

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.

Metrics i HOUSE UNIT
$665,000 $460,000
-2.21% -5.15%
-8.90% -15.60%
7.67% 5.71%
$425 $405
354 200
3.32% 4.58%
60.5535714285714 93.4388489208633

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 43374
Median household income ($/weekly) 1174
Median age of persons 33
Median housing loan repayment ($/monthly) 1907
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 5687 13.1
    25-34 years 7758 17.9
    35-44 years 6124 14.1
    45-54 years 5276 12.2
    55-64 years 3973 9.2
    Others 14557 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 16337 51.2
    Not Married 13726 43.0
    Defacto Relationship 1861 5.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 21767 52.7
    Croatia 991 2.4
    Indonesia 3855 9.3
    Philippines 2072 5.0
    Other 4623 11.2
    Others 7958 19.3
    Country of Birth
    Census Count Percent(%)
    Christianity 26300 64.8
    Hinduism 3601 8.9
    Islam 3206 7.9
    Other Religious Groups 2049 5.1
    No Religion 4557 11.2
    Others 852 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1293 10.0
    $600-$799 1285 10.0
    $1,000-$1,249 1395 10.8
    $1,500-$1,999 1867 14.5
    $2,000-$2,499 1330 10.3
    Others 5739 44.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 12685 39.2
    Not in the labour force 11905 36.8
    Employed, worked part-time 4970 15.4
    Unemployed, looking for work 1596 4.9
    Employed, away from work 1198 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2982 15.8
    Technicians & trades workers 2643 14.0
    Clerical & administrative workers 3333 17.7
    Machinery operators & drivers 2198 11.7
    Labourers 2252 11.9
    Others 5446 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 738 6.8
    Infants/Primary 3567 33.1
    Secondary 2792 25.9
    Technical or Further Educational Institution 1527 14.1
    University or other Tertiary Institutions 1655 15.3
    Others 513 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 30538 73.7
    Semi-detached, row or terrace house, townhouse 5844 14.1
    Flat, unit or apartment 5002 12.1
    House or flat attached to a shop, office 48 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5088 36.4
    Rented 4967 35.5
    Fully owned 3838 27.5
    Other tenure type 86 0.6
    Tenure Type
Census 2011, ABS
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