Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 15.75%. This compares favourably with the 10.05% for NSW as a whole.
Across a shorter period, Balgowlah, 2093 has seen a median price increase of 2.44% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -5.56% to real estate investors.
Residents and property investors in Balgowlah have been waiting around 57.86 days to sell a property.
Renters in Suburb are facing rents around $13200 per annum or $1100 every week.
With a capital gain of 26.53% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 6.42% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Balgowlah has given property investors a paper return of 5.43%. This puts Suburb as 93 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -1.50% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Balgowlah have been waiting around 20.19 days to sell a property.
Property investors should expect to get $570 weekly from the median priced house in this suburb.