With a capital gain of 3.26% for the last 12 months, Balmain, 2041 has performed for property investments than its average annual 8.71% property growth over the last 5 years.
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.
Balmain, 2041 is offering NSW ‘s 238th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.
Using the current median advertised rental of $900 and the average annual increase in value of a median property of 8.71%, investors should hope to achieve an overall return of 2.46%
Balmain is an average performer in NSW when comparing median price capital growth over the last year. Balmain gave property investors a average capital gain figure when compared to the rest of the state, with 7.11%.
If we look at median property appreciation over just the last three months, Balmain has given property investors a paper return of -8.14%. This puts Suburb as 536 on a list of fastest fasting appreciating suburbs in NSW
Balmain2041 is located in NSW which offers an average discount of -4.41% to property investors. Balmain itself is showing figures that indicate -7.13% is the average achievable by property buyers investing in the suburb.
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.