Balgowlah has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.10% to date .
Balgowlah,2093 has offered an average of 4.10% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Balgowlah are currently offering property investors an average price cut of -4.64% below the asking price at the moment.
At number 669 in a list of fastest selling suburbs, Balgowlah is in the TOP 20% of suburbs in Australia with an average of days on market 63.19 for properties listed there.
The NSW suburb of Balgowlah, 2093 is in the Manly local government area.
Giving property investors a a poor capital gain of -9.44% for the last year, Balgowlah, 2093 is the 1475th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Balgowlah,2093 has racked up an average of -9.44% over the period. This ranks it number 1228th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -4.25% 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 30.88 days.
Advertised rents are around the $545 mark per week – giving a return of 4.35% based on the median price in Suburb