Balmain has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 23.91% to date .
While Balmain,2041 ranked number 929th in NSW for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.
Our latest figures would indicate that property sellers in Balmain are currently offering property investors an average price cut of -3.43% below the asking price at the moment.
At number 1428 in a list of fastest selling suburbs, Balmain is in the TOP 40% of suburbs in Australia with an average of days on market 64.85 for properties listed there.
With the median price for a house in Balmain being $2130000 and the advertised rent reaching $900 the gross rental yield for property investors calculates out to be 2.20%
Balmain, 2041 ranked 522th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balmain is one of 3163 in our list for NSW
Across a shorter period, Balmain, 2041 has seen a median price increase of -4.00% over the last quarter.
Balmain2041 is located in NSW which offers an average discount of -4.13% to property investors. Balmain itself is showing figures that indicate -4.02% is the average achievable by property buyers investing in the suburb.
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.