Balgownie is in the TOP 20% in NSW when comparing median price capital growth over the last year. Balgownie gave property investors a very good capital gain figure when compared to the rest of the state, with 18.48%.
Balgownie,2519 has offered an average of 18.48% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Balgownie is giving property investors an average Vendor Discount of around -3.72%. This puts suburb at number 979th in NSW when ranking the most discounted suburbs.
NSW has seen average median house prices change by 6.22% which means that Balgownie, 2519 has done well for property investors by showing a capital gain of 13.24% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Balgownie comes in at number 143th in NSW.
Vendor discounting in Balgownie is giving property investors an average Vendor Discount of around -3.84%. This puts suburb at number 255th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Balgownie the average time real estate has been on the market is 40.21 days.
The NSW suburb of Balgownie, 2519 is in the Wollongong local government area.
Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.Full summary
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Transformation of Wollongong suburb heralds growth
Median house price: $802,500
Three-year growth: 40.79%
Rental yield: 3.18%
Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.
Over the December 2016 quarter, Balgownie recorded a remarkably significant price increase of 12.5%, continuing a trend observed for the past five years. Even with this hike, vendors are able to sell houses at a low discount rate of just 4.7%.
One factor could be Balgownie’s proximity to the CBD. It is also bordered by Fairy Meadow, a light industrial and commercial area. Thus, Balgownie is highly convenient for professionals and provides easy access to amenities, since bus services can take commuters into town. The suburb offers homes for residents in various socioeconomic conditions, with public housing in the eastern side, townhouses, villas and mansions. There are also fine dining establishments, cafes and pubs in BaClose