Property investors who have had real estate in Blackbutt, 2529 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 16.54%
If we look at median property appreciation over just the last three months, Blackbutt has given property investors a paper return of 3.50%. This puts Suburb as 252 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 Blackbutt, 2529. Typically our figures indicate that -5.38% is being offered, which puts this NSW suburb at 1996th most discounted overall in Australia.
A $540 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 7.22%.
At number 362th in the list of Australian suburbs ordered by increase in median house value over the last year, Blackbutt, 2529 is in the top 30% with a property value increase of 12.74% recorded in median house prices.
The most recent median price for Blackbutt is $531000, with sellers offering an average of -3.23% off the asking price.
At number 278 in a list of fastest selling suburbs, Blackbutt is in the TOP 20% of suburbs in Australia with an average of days on market 47.43 for properties listed there.