Investment property in Balgowlah has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.35%
Across a shorter period, Balgowlah, 2093 has seen a median price increase of 2.65% over the last quarter.
Vendor discounting in Balgowlah is giving property investors an average Vendor Discount of around -7.37%. This puts suburb at number 224th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $1197.5 weekly from the median priced house in this suburb.
Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 25.42%. This compares very favourably with the 8.77% for NSW as a whole.
Over the longer term, Balgowlah has seen property prices show investors a 38.71% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Balgowlah is giving property investors an average Vendor Discount of around -2.82%. This puts suburb at number 341th in NSW when ranking the most discounted suburbs.
Situated 8.06km from the CBD, Balgowlah is one of Manly localities in the postcode 2093.