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 24.02%
The five-year average increase in median property values for Balgowlah,2093 has given property investors a potential capital gain of 50.60% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Balgowlah is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 176th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 45.2 days.
Balgowlah is 843th on a list of best yielding suburbs for rents in NSW with a 3.15% return
At number 709th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top half with a property value increase of 7.05% recorded in median house prices.
Balgowlah,2093 has offered an average of 7.05% return per annum in house price rises to property investors over the last three years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.31% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -3.94% to real estate investors.
Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 34.77 days.