NSW has seen average median house prices change by 10.13% which means that Balmain, 2041 has done well for property investors by showing a capital gain of 20.99% over the last year
Across a shorter period, Balmain, 2041 has seen a median price increase of 5.77% over the last quarter.
Property investors looking for a bargain in Balmain should be aiming for at least -3.37% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 139 properties changed hands in Balmain, which puts it as the 155th most active market in NSW when comparing the number of sales per suburb.
Balmain, 2041’s gross rental yield is 2.25%
Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 12.78%. This compares favourably with the 7.74% for NSW as a whole.
If we look at median property appreciation over just the last three months, Balmain has given property investors a paper return of 0.84%. This puts Suburb as 337 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balmain, 2041. Typically our figures indicate that -3.31% is being offered, which puts this NSW suburb at 1200th most discounted overall in Australia.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
The NSW suburb of Balmain, 2041 is in the Leichhardt local government area.
Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes. Full summary
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Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes.
As the crow flies it’s just a couple of kilometres north-west of Sydney’s CBD, but the road route into the city is closer to five or six kilometres. Ferries provide another option, with Balmain being a short hop by water from Circular Quay.