Giving property investors a an unimpressive capital gain of 1.25% for the last year, Balmain East, 2041 is the 2692th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Balmain East has given property investors a paper return of -4.71%. This puts Suburb as 1303 on a list of fastest fasting appreciating suburbs in NSW
With the median price for a house in Balmain East being $2430000 and the advertised rent reaching $845 the gross rental yield for property investors calculates out to be 1.81%
Investment property in Balmain East has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.24%
When looking at the potential capital gains offered to property investors over the last 3 years, Balmain East comes in at number 437th in NSW.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Property investors should expect to get $635 weekly from the median priced house in this suburb.