Blacksmiths has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.62% to date .
Taking the average capital gain, or increase in median house value, Blacksmiths,2281 has racked up an average of 17.62% over the period. This ranks it number 1113th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Blacksmiths are currently offering property investors an average price cut of -4.11% below the asking price at the moment.
At number 1142 in a list of fastest selling suburbs, Blacksmiths is in the TOP 40% of suburbs in Australia with an average of days on market 57.16 for properties listed there.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.20%, without taking into account capital value appreciation, which has been averaging out at 6.65%.