Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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 9.1% growth over a ten-year period. It ranks 321st on our list of suburbs that property investors should look into.
BLACKBUTT, 2529 in NSW belongs to the local government area of Shellharbour (C).
BLACKBUTT, 2529 has a capital gain of 28.66% for the past year, which is higher than average compared to its 45.46% growth within a five-year period.
With the median home price in BLACKBUTT sitting at $913,500, and the average rent at $575, property owners could potentially earn a 3.27% 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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||28.66%||30.32%|
|Median 3 years||29.57%||16.67%|
|Median 5 years||45.46%||30.6%|
|10 years average annual||9.1%||8.26%|
|Weekly media advert. rent||$575||$422.5|
|Time on Market||52.0 days||36.0 days|
|Gross Rental Yield Percent||3.27%||3.59%|