Balmain is in the bottom 30% 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 2.08%.
The five-year average increase in median property values for Balmain,2041 has given property investors a potential capital gain of 68.46% across each of those five years.
Balmain2041 is located in NSW which offers an average discount of -5.49% to property investors. Balmain itself is showing figures that indicate -7.86% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $900 weekly from the median priced house in this suburb.
Giving property investors a a solid capital gain of 11.54% for the last year, Balmain, 2041 is the 338th highest performer in Australia in this respect.
Balmain,2041 has offered an average of 11.54% return per annum in house price rises to property investors over the last three years.
At number 20th 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.
At number 348 in a list of fastest selling suburbs, Balmain is in the TOP 30% of suburbs in Australia with an average of days on market 57.45 for properties listed there.
Balmain is 495th on a list of best yielding suburbs for rents in NSW with a 3.35% return
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.