If you compare the increase in value of investment property in Blackwall, 2256 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -9.42%.
Blackwall,2256 was ranked 3616 in Australia by increase in median property value over the quarter.
Property buyers and investors in Blackwall 2256 should be seeing an average reduction in asking price of around -4.09% . This means that Blackwall is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Blackwall have been waiting around 38.53 days to sell a property.
Property investors who have had real estate in Blackwall, 2256 should be pleased 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 30.43%
Over the longer term, Blackwall has seen property prices show investors a 50.00% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Blackwall are currently offering property investors an average price cut of -3.25% below the asking price at the moment.
Often selling an investment property can take time, and in Blackwall the average time real estate has been on the market is 80.43 days.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.64%, without taking into account capital value appreciation, which has been averaging out at 7.26%.