Balmain, 2041 ranked 936th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balmain is one of 3162 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, Balmain comes in at number 549th in NSW.
Vendor discounting in Balmain is giving property investors an average Vendor Discount of around -9.02%. This puts suburb at number 85th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Balmain the average time real estate has been on the market is 59.01 days.
Using the current median advertised rental of $892.5 and the average annual increase in value of a median property of 8.15%, investors should hope to achieve an overall return of 2.69%
Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 16.52%. This compares very favourably with the 6.92% for NSW as a whole.
Across a shorter period, Balmain, 2041 has seen a median price increase of 0.24% over the last quarter.
Property buyers and investors in Balmain 2041 should be seeing an average reduction in asking price of around -8.29% . This means that Balmain is holding prices well when compared to other suburbs in NSW.
Balmain, 2041’s gross rental yield is 3.51%
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.