Property value increases in Balgownie have tracked higher than the NSW average of 6.87% over the last 12 months.
Across a shorter period, Balgownie, 2519 has seen a median price increase of 9.21% over the last quarter.
Sellers are offering property buyers an average discount of -4.26% to buyers in Balgownie at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
With the median price for a house in Balgownie being $830000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.07%
Over the last year, property investments in Balgownie, 2519 have given investors a capital gain of 14.29%. This compares very favourably with the 5.41% for NSW as a whole.
If we look at median property appreciation over just the last three months, Balgownie has given property investors a paper return of 2.48%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balgownie, 2519. Typically our figures indicate that -4.08% is being offered, which puts this NSW suburb at 1072th most discounted overall in Australia.
With the median price for a house in Balgownie being $620000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.69%