At number 191th in the list of Australian suburbs ordered by increase in median house value over the last year, North Balgowlah, 2093 is in the top 10% with a property value increase of 24.85% recorded in median house prices.
Taking the average capital gain, or increase in median house value, North Balgowlah,2093 has racked up an average of 24.85% over the period. This ranks it number 537th in the whole country for real estate investors looking at median house price increases.
North Balgowlah2093 is located in NSW which offers an average discount of -5.35% to property investors. North Balgowlah itself is showing figures that indicate -1.14% is the average achievable by property buyers investing in the suburb.
At number 458 in a list of fastest selling suburbs, North Balgowlah is in the TOP 20% of suburbs in Australia with an average of days on market 45.26 for properties listed there.
Using the current median advertised rental of $1250 and the average annual increase in value of a median property of 10.15%, investors should hope to achieve an overall return of 3.15%