$18m investor shares his ‘life-changing’ first investment
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The suburb also 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 $720,000.
The upward trend in home prices in BLACKWALL, 2256 averaged 16.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.03% increase in returns based on the current median price in BLACKWALL.
An average of 3 real estate transactions take place per month in BLACKWALL which translates to 36 per annum.
36 properties were sold in BLACKWALL in 2016, making it the 567th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $720,000 | $575,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 0.56% | 4.55% |
| Median 3 years | 48.45% | 41.98% |
| Median 5 years | 68.13% | 98.28% |
| 10 years average annual | 8.99% | 7.53% |
| Weekly media advert. rent | $420 | $420 |
| Time on Market | 47.0 days | 90.5 days |
| Gross Rental Yield Percent | 3.03% | 3.8% |
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