With a capital gain of -14.48% for the last 12 months, Blackwall, 2256 has performed for property investments than its average annual 6.61% property growth over the last 5 years.
The five-year average increase in median property values for Blackwall,2256 has given property investors a potential capital gain of 31.91% across each of those five years.
With the median price for a house in Blackwall being $620000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.35%
Giving property investors a a stable capital gain of 6.73% for the last year, Blackwall, 2256 is the 386th highest performer in Australia in this respect.
Blackwall,2256 was ranked 27 in Australia by increase in median property value over the quarter.
At number 833 in a list of fastest selling suburbs, Blackwall is in the bottom 40% of suburbs in Australia with an average of days on market 85.5455 for properties listed there.
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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%.