With a capital gain of 12.38% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 4.61% property growth over the last 5 years.
Over the longer term, Balgowlah has seen property prices show investors a 10.83% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Balgowlah is offering property investors an average of -5.46. This rate of discount on properties puts Suburb at number 1128th in terms of most discounted suburbs in NSW
Residents and property investors in Balgowlah have been waiting around 38.4 days to sell a property.
At number 527th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top 40% with a property value increase of 9.60% recorded in median house prices.
While Balgowlah,2093 ranked number 23th in NSW for increase in median house value (annualised) increase, it is ranked 185th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -3.53% to real estate investors.
The NSW suburb of Balgowlah, 2093 is in the Manly local government area.