Balmain is in the bottom 40% in NSW when comparing median price capital growth over the last year. Balmain gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.86%.
Balmain,2041 was ranked 733 in Australia by increase in median property value over the quarter.
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 -9.32% is being offered, which puts this NSW suburb at 468th most discounted overall in Australia.
Often selling an investment property can take time, and in Balmain the average time real estate has been on the market is 66.09 days.
Balmain, 2041’s gross rental yield is 2.60%
Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 10.42%. This compares favourably with the 5.59% for NSW as a whole.
Across a shorter period, Balmain, 2041 has seen a median price increase of 0.87% over the last quarter.
Balmain, 2041 is offering NSW ‘s 16th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
Often selling an investment property can take time, and in Balmain the average time real estate has been on the market is 64.15 days.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 6.89%, investors should hope to achieve an overall return of 3.47%
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.