Property investors who have had real estate in Blackwall, 2256 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.14%
Blackwall,2256 has offered an average of -8.14% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Blackwall is offering property investors an average of -7.38. This rate of discount on properties puts Suburb at number 254th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
If you compare the increase in value of investment property in Blackwall, 2256 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.46%.
Taking the average capital gain, or increase in median house value, Blackwall,2256 has racked up an average of 2.46% over the period. This ranks it number 270th in the whole country for real estate investors looking at median house price increases.
Blackwall is 206th on a list of best yielding suburbs for rents in NSW with a 4.30% return
Information supplied by:
Blackwall, NSW – Apartments sell like hotcakes
Median unit price: $525,000
Three-year growth: 40.75%
Rental yield: 4.11%
Surrounded by beaches, the suburb of Blackwall is the dream for buyers who like the sand and sea. Despite its distance from the capital of Sydney, the suburb thrives with a strong overall trend of growth in the unit market.
It certainly helps that Blackwall is less than half an hour from the city of Gosford, the administrative centre of the Central Coast. Thus, residents are close to the conveniences of the CBD while still getting to enjoy nature. The Kitchener Reserve is located in this suburb, and trails lead to Blackwall Mountain and its exquisite views.
It’s easy to see how Blackwall’s apartment prices have shown steady growth over the past five years, with over 14% increase recorded in the May 2017 quarter alone. The average discount rate is incredibly low at just 1.85%, and returns are considerably high at over 4%.