Property investors who have had real estate in Balgownie, 2519 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.79%
Over the longer term, Balgownie has seen property prices show investors a 47.19% return over the last 3 years. This is worse than over the last 12 months
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 -4.26% is being offered, which puts this NSW suburb at 3065th most discounted overall in Australia.
At number 180th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgownie, 2519 is in the top 20% with a property value increase of 15.89% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balgownie has increased when compared to the 5 year average annual rate.
Property buyers and investors in Balgownie 2519 should be seeing an average reduction in asking price of around -3.90% . This means that Balgownie is holding prices well when compared to other suburbs in NSW.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.96%.