Property value increases in Balwyn have tracked just lower than the VIC average of 8.27% over the last 12 months.
Over the longer term, Balwyn has seen property prices show investors a 44.59% return over the last 3 years. This is worse than over the last 12 months
At number 619th of VIC’s most discounted properties, Balwyn is in the TOP 10% of the state/territory when listing in order of most discounted to least.
At number 1972 in a list of fastest selling suburbs, Balwyn is just in the bottom half of suburbs in Australia with an average of days on market 83.58 for properties listed there.
Balwyn is 604th on a list of best yielding suburbs for rents in VIC with a 1.67% return
Balwyn has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -10.53% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Balwyn comes in at number 198th in VIC.
Our latest figures would indicate that property sellers in Balwyn are currently offering property investors an average price cut of -6.89% below the asking price at the moment.
With the median price for a house in Balwyn being $680000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.21%