With a capital gain of 10.45% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 4.45% property growth over the last 5 years.
Over the longer term, Balgowlah has seen property prices show investors a 13.82% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Balgowlah are currently offering property investors an average price cut of -2.98% below the asking price at the moment.
In the last year 90 properties changed hands in Balgowlah, which puts it as the 347th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $1100 mark per week – giving a return of 4.09% based on the median price in Suburb
At number 201th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top 20% with a property value increase of 16.79% recorded in median house prices.
The five-year average increase in median property values for Balgowlah,2093 has given property investors a potential capital gain of 39.48% across each of those five years.
The most recent median price for Balgowlah is $782500, with sellers offering an average of -4.28% off the asking price.
Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 24.65 days.
Renters in Suburb are facing rents around $6720 per annum or $560 every week.