Balwyn is in the bottom 20% in VIC when comparing median price capital growth over the last year. Balwyn gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.28%.
Over the longer term, Balwyn has seen property prices show investors a 41.03% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Balwyn itself are offering an average vendor discount of -5.41% to real estate investors.
Balwyn, 3103’s gross rental yield is 1.70%
At number 1656th in the list of Australian suburbs ordered by increase in median house value over the last year, Balwyn, 3103 is in the BOTTOM 10% with a property value increase of -15.86% recorded in median house prices.
The five-year average increase in median property values for Balwyn,3103 has given property investors a potential capital gain of 8.51% across each of those five years.
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 Balwyn, 3103. Typically our figures indicate that -7.84% is being offered, which puts this VIC suburb at 180th most discounted overall in Australia.
Often selling an investment property can take time, and in Balwyn the average time real estate has been on the market is 115.58 days.
The VIC suburb of Balwyn, 3103 is in the Boroondara local government area.