With a capital gain of 0.90% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 7.74% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Balgowlah,2093 has racked up an average of 0.90% over the period. This ranks it number 867th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Balgowlah is giving property investors an average Vendor Discount of around -5.16%. This puts suburb at number 602th in NSW when ranking the most discounted suburbs.
At number 588 in a list of fastest selling suburbs, Balgowlah is in the TOP 20% of suburbs in Australia with an average of days on market 50.96 for properties listed there.
Balgowlah is 639th on a list of best yielding suburbs for rents in NSW with a 3.54% return
If you compare the increase in value of investment property in Balgowlah, 2093 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.35%.
Balgowlah,2093 was ranked 550 in Australia by increase in median property value over the quarter.
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -3.35% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
Balgowlah, 2093’s gross rental yield is 3.29%