If you compare the increase in value of investment property in Balgowlah, 2093 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.55%.
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.
LACK OF BUYER INTEREST may well be the reason that Balgowlah is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 478th in terms of most discounted suburbs in NSW
Property value increases in Balgowlah have tracked just lower than the NSW average of 11.69% over the last 12 months.
If we look at median property appreciation over just the last three months, Balgowlah has given property investors a paper return of 0.83%. This puts Suburb as 322 on a list of fastest fasting appreciating suburbs in NSW
At number 368th of NSW’s most discounted properties, Balgowlah is in the TOP 30% of the state/territory when listing in order of most discounted to least.
The NSW suburb of Balgowlah, 2093 is in the Manly local government area.