If you compare the increase in value of investment property in Balmain, 2041 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.00%.
Over the longer term, Balmain has seen property prices show investors a 52.96% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.76% to buyers in Balmain at the moment, which is less than average for the rest of NSW.
At number 849 in a list of fastest selling suburbs, Balmain is in the TOP 30% of suburbs in Australia with an average of days on market 56.36 for properties listed there.
A $900 per week rent on the median house gives suburb investors a gross yield of circa 2.27%, without taking into account capital value appreciation, which has been averaging out at 9.51%.
Property value increases in Balmain have tracked higher than the NSW average of 6.22% over the last 12 months.
A 74.82% growth in median value for property investors in Balmain,2041 puts this suburb at number 424th in terms of best performing suburbs in NSW
Balmain, 2041 is offering NSW ‘s 291th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
With the median price for a house in Balmain being $1197500 and the advertised rent reaching $710 the gross rental yield for property investors calculates out to be 3.08%
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.