Powered by MOMENTUM MEDIA
AREA REPORTS

Blacktown

Suburb Profile

Blacktown - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2148

house
unit

BLACKTOWN, 2148 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $692,250.

Profits due to an downward trend in home prices in the suburb averaged -0.95% per annum over a 3-year period.

BLACKTOWN now ranks at the 564th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BLACKTOWN are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BLACKTOWN, homes and units usually stay on listing for an average of 48.8 days.

In 2016, 430 properties were sold in BLACKTOWN during the past year, making it the 439th most active market in NSW based on total real estate transactions.

Surburb overview

Like its namesake city, Blacktown is a fast-growing prime location for property hunters and investors who work or conduct business in the Greater Western Sydney area. Lying within 34 kilometres of Sydney’s central business district, the suburb of Blacktown is accessible by train, via the Cumberland Line and North Shore, Northern and Western Line; bus or private vehicle from various points in its neighboring districts.

Amenities in Blacktown

Blacktown’s commercial district houses a growing number of state-run and private schools, the Blacktown Hospital, and the Westpoint Blacktown, its major retail hub. Groundbreaking developments are in the works that could trickle down to the major suburb, as part of the Blacktown City Council’s ambitions to give the city a million-dollar facelift.

No wonder Blacktown is welcoming a housing boom, as buyers scoop up property investments in the wake of its rapid urbanisation. A typical home or unit up for sale is likely to stay on the market for 60 days, a relatively short time for Australian real estate sales. The median home selling price is up by over 80 per cent in the last five years, while unit prices have surged by close to 70 per cent. Blacktown, however, is deemed as one of the few remaining areas in the city where rental costs are generally affordable.

Data report can be found below

Blacktown
Blacktown
Blacktown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $692,250 $477,500
GROWTH REPORT
Median Quarterly 1.95% 1.92%
Median 12 month -1.11% -6.37%
Median 3 years -2.84% -7.28%
Median 5 years 21.45% 19.04%
10 years average annual 7.59% 5.58%
Weekly media advert. rent $420 $400
Time on Market 48.8 days 77.9 days
Gross Rental Yield Percent 3.15% 4.36%
demographics (median values)
Total Population
38911
Weekly Household Income
971.5
Household Size
2.80
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Melbourne

Sydney and Melbourne wobble as COVID-19 sets in

Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...

Sydney townhouse

‘Recipe for disaster’ brewing for Sydney landlords

In good news for tenants, but far less so for landlords, COVID-19 is continuing to wreak havoc on vacancy rates in some of Sydney’s long-s...

property-buying advantage

5 ways to use COVID-19 to your property-buying advantage

With the recent revelation that Millennials believe the COVID-19 crisis has made their goals of property ownership more likely to be realise...

leaky taps

$100 on offer for Perth residents who fix leaky taps

Perth metropolitan households are set to see a $100 rebate on the cost of fixing leaky taps as the state works to better conserve water. ...

big four banks

Borrowers benefit from ‘rates battle’: expert

Home loan customers looking for a better interest rate can benefit from the intense battle for business between the nation’s lenders, acco...

apartment

Unit rentals break 15-year record

Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.