Property value increases in Blackbutt have tracked just higher than the NSW average of 11.67% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Blackbutt has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.63% to buyers in Blackbutt at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
The NSW suburb of Blackbutt, 2529 is in the Shellharbour local government area.
Blackbutt, 2529 ranked 219th in NSW when comparing growth in median property values or capital gain over the last 12 months. Blackbutt is one of 3163 in our list for NSW
Taking the average capital gain, or increase in median house value, Blackbutt,2529 has racked up an average of 10.02% over the period. This ranks it number 314th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Blackbutt is offering property investors an average of -4.11. This rate of discount on properties puts Suburb at number 180th in terms of most discounted suburbs in NSW