Property value increases in Balgowlah have tracked just higher than the NSW average of 10.00% over the last 12 months.
While Balgowlah,2093 ranked number 559th in NSW for increase in median house value (annualised) increase, it is ranked 829th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Balgowlah is offering property investors an average of -5.42. This rate of discount on properties puts Suburb at number 1059th in terms of most discounted suburbs in NSW
At number 458 in a list of fastest selling suburbs, Balgowlah is in the TOP 20% of suburbs in Australia with an average of days on market 45.29 for properties listed there.
At number 123th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top 10% with a property value increase of 20.71% recorded in median house prices.
Across a shorter period, Balgowlah, 2093 has seen a median price increase of 14.55% over the last quarter.
Property investors looking for a bargain in Balgowlah should be aiming for at least -4.00% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 22.93 days.