Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,293,000.
The upward trend in home prices in BLACKWALL, 2256 averaged 1.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.61% increase in returns based on the current median price in BLACKWALL.
An average of 2.17 real estate transactions take place per month in BLACKWALL which translates to 26 per annum.
26 properties were sold in BLACKWALL in 2016, making it the 763rd most active market in NSW based on total real estate transactions.
BLACKWALL, 2256 places 39th in Australia based on median property value growth during the quarter.
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 $752,500.
Investors saw the median home price rise to $752,500.
The upward trend in home prices in BLACKWALL, 2256 averaged 0% per annum over a 3-year period.
BLACKWALL now ranks at the 389th 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 BLACKWALL are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $625 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BLACKWALL, homes and units usually stay on listing for an average of N/A.
10 properties were sold in BLACKWALL in 2016, making it the 655th most active market in NSW based on total real estate transactions.