Balgowlah has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.69% to date .
Balgowlah,2093 was ranked 1414 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.54% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -6.05% to real estate investors.
Residents and property investors in Balgowlah have been waiting around 55.12 days to sell a property.
Advertised rents are around the $1100 mark per week – giving a return of 3.74% based on the median price in Suburb
If you compare the increase in value of investment property in Balgowlah, 2093 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.54%.
If we look at median property appreciation over just the last three months, Balgowlah has given property investors a paper return of 2.40%. This puts Suburb as 204 on a list of fastest fasting appreciating suburbs in NSW
Balgowlah2093 is located in NSW which offers an average discount of -4.01% to property investors. Balgowlah itself is showing figures that indicate -2.23% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $6870 per annum or $572.5 every week.