Blackbutt

POSTAL CODE: NSW, 2529

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BLACKBUTT, 2529 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BLACKBUTT, 2529 obtained a 6.1% growth over a ten-year period. It ranks 2564th on our list of suburbs that property investors should look into.

BLACKBUTT, 2529 in NSW belongs to the local government area of Shellharbour.

BLACKBUTT, 2529 has a capital gain of 7.07% for the past year, which is lower than average compared to its 39.74% growth within a five-year period.

With the median home price in BLACKBUTT sitting at $1,090,000, and the average rent at $795, property owners could potentially earn a 3.79% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in BLACKBUTT, 2529 translates to a 16.35% capital gain.

Property investors enjoyed capital gains of 9.52% over the last 12 months in BLACKBUTT, translating to higher returns compared with its peers in NSW.

BLACKBUTT, 2529 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $747,500.

Profits due to an upward trend in home prices in BLACKBUTT, 2529 averaged 5.45% per annum over a 3-year period.

Home owners selling their properties and realtors in BLACKBUTT usually have to wait an average of 32.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $680 mark, reflecting a 4.73% increase in returns based on the current median price in BLACKBUTT.

BLACKBUTT, 2529 places 456th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,090,000	$747,500
Growth Report
Median Quarterly	0%	-2.92%
Median 12 month	7.07%	9.52%
Median 3 years	4.81%	16.35%
Median 5 years	39.74%	32.3%
10 years average annual	6.1%	5.67%
Weekly media advert. rent	$795	$680
Time on Market	47.2 days	32.1 days
Gross Rental Yield Percent	3.79%	4.73%

Demographics (Median Values)*

Total Population 26025

Weekly Household Income 1582

Household Size 2.80

Average Age 39

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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