Balgowlah has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.68% to date .
The five-year average increase in median property values for Balgowlah,2093 has given property investors a potential capital gain of 7.13% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balgowlah, 2093. Typically our figures indicate that -4.21% is being offered, which puts this NSW suburb at 3053th most discounted overall in Australia.
Renters in Suburb are facing rents around $12540 per annum or $1045 every week.
Giving property investors a a poor capital gain of -9.13% for the last year, Balgowlah, 2093 is the 1482th highest performer in Australia in this respect.
Balgowlah,2093 has offered an average of -9.13% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -4.27% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 12.25 sales per month, which equates to 147 per year.
With the median price for a house in Balgowlah being $654250 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.37%