Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 19.25%. This compares favourably with the 13.11% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Balgowlah comes in at number 411th 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 -2.12% is being offered, which puts this NSW suburb at 3599th most discounted overall in Australia.
Using the current median advertised rental of $1150 and the average annual increase in value of a median property of 6.06%, investors should hope to achieve an overall return of 3.31%
At number 779th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top half with a property value increase of 5.85% recorded in median house prices.
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 -4.16% to property investors. Balgowlah itself is showing figures that indicate -2.75% is the average achievable by property buyers investing in the suburb.
Balgowlah is 489th on a list of best yielding suburbs for rents in NSW with a 3.45% return