Over the last year, property investments in Balaklava, 5461 have given investors a capital gain of -3.92%. This compares very badly with the 3.24% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Balaklava comes in at number 364th in SA.
Property investors looking for a bargain in Balaklava should be aiming for at least -8.99% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
With the median price for a house in Balaklava being $189750 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 6.03%