Property value increases in Balwyn have tracked just lower than the VIC average of 8.96% over the last 12 months.
Across a shorter period, Balwyn, 3103 has seen a median price increase of 2.21% over the last quarter.
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 -3.16% is being offered, which puts this VIC suburb at 3542th 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 88.02 days.
Using the current median advertised rental of $697.5 and the average annual increase in value of a median property of 10.53%, investors should hope to achieve an overall return of 1.65%
Balwyn, 3103 ranked 309th in VIC when comparing growth in median property values or capital gain over the last 12 months. Balwyn is one of 2098 in our list for VIC
Balwyn,3103 has offered an average of -4.55% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Balwyn itself are offering an average vendor discount of -5.75% to real estate investors.
At number 1116 in a list of fastest selling suburbs, Balwyn is in the bottom 30% of suburbs in Australia with an average of days on market 98.39 for properties listed there.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.