If you compare the increase in value of investment property in North Balgowlah, 2093 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.02%.
If we look at median property appreciation over just the last three months, North Balgowlah has given property investors a paper return of -0.43%. This puts Suburb as 1019 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that North Balgowlah is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 1217th in terms of most discounted suburbs in NSW
Advertised rents are around the $1500 mark per week – giving a return of 4.46% based on the median price in Suburb