Investment property in Suburb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.93%
A 14.48% growth in median value for property investors in Balgowlah,2093 puts this suburb at number 613th in terms of best performing suburbs in NSW
At number 591th of NSW’s most discounted properties, Balgowlah is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $985 mark per week – giving a return of 4.05% based on the median price in Suburb
With a capital gain of 7.57% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 3.96% property growth over the last 5 years.
Over the longer term, Balgowlah has seen property prices show investors a -1.84% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Balgowlah is giving property investors an average Vendor Discount of around -3.68%. This puts suburb at number 319th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $6480 per annum or $540 every week.