At number 1070th 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 12.97% recorded in median house prices.
Balgowlah,2093 was ranked 698 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Balgowlah should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $1295 and the average annual increase in value of a median property of 8.09%, investors should hope to achieve an overall return of 3.22%
Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 25.00%. This compares very favourably with the 8.01% 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 31th in NSW.
Balgowlah2093 is located in NSW which offers an average discount of -4.12% to property investors. Balgowlah itself is showing figures that indicate -7.98% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Balgowlah being $1200000 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 2.77%