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:
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.