Balgowlah is an average performer in NSW when comparing median price capital growth over the last year. Balgowlah gave property investors a average capital gain figure when compared to the rest of the state, with 5.99%.
Taking the average capital gain, or increase in median house value, Balgowlah,2093 has racked up an average of 5.99% over the period. This ranks it number 667th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -8.78% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
Balgowlah is 804th on a list of best yielding suburbs for rents in NSW with a 3.30% return
Balgowlah has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.65% to date .
Comparing Balgowlah,2093 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Balgowlah are currently offering property investors an average price cut of -3.18% below the asking price at the moment.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 8.18%.