At number 1007th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top 30% with a property value increase of 10.40% recorded in median house prices.
A 57.85% growth in median value for property investors in Balgowlah,2093 puts this suburb at number 331th in terms of best performing suburbs in NSW
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 -8.20% is being offered, which puts this NSW suburb at 767th most discounted overall in Australia.
Advertised rents are around the $1250 mark per week – giving a return of 3.40% based on the median price in Suburb
Property value increases in Balgowlah have tracked close to the NSW average of 5.41% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balgowlah has increased when compared to the 5 year average annual rate.
Balgowlah2093 is located in NSW which offers an average discount of -4.42% to property investors. Balgowlah itself is showing figures that indicate -3.35% is the average achievable by property buyers investing in the suburb.
Situated 8.63km from the CBD, Balgowlah is one of Manly localities in the postcode 2093.