With a capital gain of 11.20% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 4.48% property growth over the last 5 years.
Across a shorter period, Balgowlah, 2093 has seen a median price increase of 5.70% over the last quarter.
Sellers are offering property buyers an average discount of -2.76% to buyers in Balgowlah at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 44.27 days.
With the median price for a house in Balgowlah being $1390000 and the advertised rent reaching $1125 the gross rental yield for property investors calculates out to be 4.21%
Property investors who have had real estate in Balgowlah, 2093 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.10%
Across a shorter period, Balgowlah, 2093 has seen a median price increase of 5.83% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balgowlah, 2093. Typically our figures indicate that -3.32% is being offered, which puts this NSW suburb at 1219th most discounted overall in Australia.
In the last year 151 properties changed hands in Balgowlah, which puts it as the 97th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6600 per annum or $550 every week.