NSW has seen average median house prices change by 6.87% which means that Balmain, 2041 has done well for property investors by showing a capital gain of 0.00% over the last year
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.
Balmain2041 is located in NSW which offers an average discount of -5.49% to property investors. Balmain itself is showing figures that indicate -8.86% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 11.42 sales per month, which equates to 137 per year.
With the median price for a house in Balmain being $1800000 and the advertised rent reaching $900 the gross rental yield for property investors calculates out to be 2.60%
At number 497th in the list of Australian suburbs ordered by increase in median house value over the last year, Balmain, 2041 is in the top 30% with a property value increase of 7.86% recorded in median house prices.
Across a shorter period, Balmain, 2041 has seen a median price increase of -8.70% over the last quarter.
Sellers are offering property buyers an average discount of -7.13% to buyers in Balmain at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $8400 per annum or $700 every week.
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.