Property investors who have had real estate in Balwyn, 3103 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.63%
Balwyn,3103 was ranked 2915 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Balwyn should be aiming for at least -4.44% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $680 weekly from the median priced house in this suburb.
Balwyn has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -12.26% to date .
A 7.09% growth in median value for property investors in Balwyn,3103 puts this suburb at number 203th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -8.03% to buyers in Balwyn at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.13%, investors should hope to achieve an overall return of 3.21%