Balgowlah has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.93% to date .
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.
Balgowlah, 2093 is offering NSW ‘s 508th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
With the median price for a house in Balgowlah being $1710000 and the advertised rent reaching $1200 the gross rental yield for property investors calculates out to be 3.65%
Balgowlah has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.65% to date .
If we look at median property appreciation over just the last three months, Balgowlah has given property investors a paper return of -4.53%. This puts Suburb as 516 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -3.18% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
In the last year 104 properties changed hands in Balgowlah, which puts it as the 143th most active market in NSW when comparing the number of sales per suburb.