Balgowlah has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.12% to date .
A 21.23% growth in median value for property investors in Balgowlah,2093 puts this suburb at number 637th in terms of best performing suburbs in NSW
The most recent median price for Balgowlah is $1606250, with sellers offering an average of -5.19% off the asking price.
At number 1322 in a list of fastest selling suburbs, Balgowlah is in the TOP 40% of suburbs in Australia with an average of days on market 65.93 for properties listed there.
Using the current median advertised rental of $1200 and the average annual increase in value of a median property of 5.98%, investors should hope to achieve an overall return of 3.88%
Investment property in Balgowlah has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.82%
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.
Vendor discounting in Balgowlah is giving property investors an average Vendor Discount of around -2.34%. This puts suburb at number 392th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.