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 6.69% growth over a ten-year period. It ranks 996th 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 13.92% for the past year, which is higher than average compared to its 56.66% growth within a five-year period.
With the median home price in BLACKBUTT sitting at $712,000, and the average rent at $522.5, property owners could potentially earn a 3.82% 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.
Homeowners and real estate investors betting on BLACKBUTT, 2529 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.22%.
A steady increase in median property prices over a five-year period in BLACKBUTT, 2529 translates to a 29.51% capital gain.
Property investors enjoyed capital gains of 13.22% over the last 12 months in BLACKBUTT, translating to lower returns compared with its peers in NSW.
BLACKBUTT, 2529 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 $531,000.
Profits due to an upward trend in home prices in BLACKBUTT, 2529 averaged 9.84% per annum over a 3-year period.
Home owners selling their properties and realtors in BLACKBUTT usually have to wait an average of 50.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $425 mark, reflecting a 4.16% increase in returns based on the current median price in BLACKBUTT.
BLACKBUTT, 2529 places 50th in Australia based on median property value growth during the quarter.