Giving property investors a an average capital gain of 6.36% for the last year, Balmain, 2041 is the 1679th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Balmain,2041 has racked up an average of 6.36% over the period. This ranks it number 609th in the whole country for real estate investors looking at median house price increases.
At number 78th of NSW’s most discounted properties, Balmain is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 141 properties changed hands in Balmain, which puts it as the 141th most active market in NSW when comparing the number of sales per suburb.
Balmain, 2041’s gross rental yield is 2.67%
Balmain has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 29.94% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balmain has increased when compared to the 5 year average annual rate.
Property buyers and investors in Balmain 2041 should be seeing an average reduction in asking price of around -7.13% . This means that Balmain is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Balmain have been waiting around 70 days to sell a property.
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
Information supplied by:
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.