Property value increases in Balmain East have tracked just higher than the NSW average of 8.26% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balmain East has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $885 and the average annual increase in value of a median property of 5.52%, investors should hope to achieve an overall return of 1.74%
Over the last year, property investments in Balmain East, 2041 have given investors a capital gain of 6.04%. This compares averagely with the 6.07% for NSW as a whole.
If we look at median property appreciation over just the last three months, Balmain East has given property investors a paper return of 2.77%. This puts Suburb as 198 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Balmain East should be aiming for at least -4.51% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 1.53km from the CBD, Balmain East is one of Leichhardt localities in the postcode 2041.