Is Blacktown a good investment?

Is Blacktown a good investment?

One such suburb that you should be keeping a close eye on is Blacktown. Ideally positioned just 34km west of the Sydney CBD and just 10 minutes’ drive to Parramatta, Blacktown makes a solid investment and is a suburb that ticks plenty of boxes.

Is Blacktown booming?

By 2036, the population in the Blacktown Council area is expected to continue to boom, reaching over half a million. The council is preparing to handle this growth while still giving the current residents high-quality facilities and services.

Is Blacktown a good suburb?

Blacktown – This suburb has a high crime rate, thus putting it in the list of dangerous areas in Sydney. There are high rates of pick-pocketing, teenagers’ harassment, drug use, robbery without firearms, and home theft. On a good note, there are constant police patrols on the streets.

Why is Blacktown NSW called Blacktown?

When the railway came through the area in 1860, the first station was given the name Black Town Road. “It’s a really sad and reflective place; that’s where Blacktown got its name.” he says. “The people of Blacks Town at the time didn’t want the name but the government decided for them.”

Is Parramatta a good place to invest?

Parramatta is already a huge business hub which is likely to see economic growth for years to come. With a shortage of rental options and exorbitant property prices in Sydney causing an extremely low number of first time buyers, buying to let in Parramatta yields fantastic returns on investment.

Is toongabbie a good place to live?

Toongabbie is a suburb which has great access to most parts of Sydney, It is on the Westmead train line. The homes are affordable with many on decent size blocks of land. There are many local schools and clubs all with a good sense of community.

What is the average house price in western Sydney?

The Ryde region recorded one of the highest house price rises in Sydney, jumping 11.7 per cent – or $219,500 – in the second quarter to a median of $2.1 million….Median Unit Price Race.

SA4	South West
Jun-21	$900,500
QoQ	10.50\%
YoY	20.10\%

Is doonside a good place to live?

Doonside Doonside is another fairly well-equipped Sydney suburb that’s well-serviced by public transport (both bus and train) and has decent amenities to go along with its reasonable property prices.

Is Blacktown affordable?

It was once a haven for families in search of inexpensive housing but now Blacktown has moved from an “acceptable” level of affordability to “moderately unaffordable” according to the latest rental affordability index published by Shelter Australia, Community Sector Banking and SGS Economics and Planning.

Is Blacktown liveable?

Blacktown (Overall rank: 356)

Is Blacktown under greater Sydney?

Greater Western Sydney (GWS) is a large region of the metropolitan area of Greater Sydney, New South Wales, Australia that generally embraces the north-west, south-west, central-west, and far western sub-regions within Sydney’s metropolitan area and encompasses 13 local government areas: Blacktown, Blue Mountains.

What is the Aboriginal name for Blacktown?

The area comprising the City of Blacktown has a long history – Aborigines belonging to the Darug tribe certainly inhabited the area long before European settlement and archaeological evidence of their settlement has been found along creeks in the area.

Is Blacktown a good place to invest in rental property?

With the median home price in BLACKTOWN sitting at $515,000, and the average rent at $380, property owners could potentially earn a 3.84\% increase in gross rental yield. Property investors have seen a 0.98\% gain in BLACKTOWN based on an increase in median home prices for the past three months.

How has Blacktown 2148 performed in comparison to other suburbs?

BLACKTOWN, 2148 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Average median house prices in NSW have risen as a whole, pulling BLACKTOWN, 2148 values up and netting property investors a capital gain of 12.86\% for the past year.

Where does Blacktown rank in estimated capital gains for investors?

BLACKTOWN ranks 392nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years. BLACKTOWN, 2148 has a capital gain of -15.6\% for the past year, which is lower than average compared to its 24.32\% growth within a five-year period.

Is Blacktown Australia’s next real estate boom?

No wonder Blacktown is welcoming a housing boom, as buyers scoop up property investments in the wake of its rapid urbanisation. A typical home or unit up for sale is likely to stay on the market for 60 days, a relatively short time for Australian real estate sales.