Investment property in Balwyn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.47%
A 73.29% growth in median value for property investors in Balwyn,3103 puts this suburb at number 368th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Balwyn is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 479th in terms of most discounted suburbs in VIC
At number 2471 in a list of fastest selling suburbs, Balwyn is in the bottom 40% of suburbs in Australia with an average of days on market 92.4 for properties listed there.
Renters in Suburb are facing rents around $8160 per annum or $680 every week.
At number 926th in the list of Australian suburbs ordered by increase in median house value over the last year, Balwyn, 3103 is in the BOTTOM 50% with a property value increase of 2.62% recorded in median house prices.
Over the longer term, Balwyn has seen property prices show investors a 16.68% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Balwyn is $698000, with sellers offering an average of -4.62% off the asking price.
Renters in Suburb are facing rents around $5100 per annum or $425 every week.