Property investors who have had real estate in Balwyn, 3103 should be relatively unhappy 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 0.96%
When looking at the potential capital gains offered to property investors over the last 3 years, Balwyn comes in at number 136th in VIC.
Our latest figures would indicate that property sellers in Balwyn are currently offering property investors an average price cut of -4.70% below the asking price at the moment.
With the median price for a house in Balwyn being $2100000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 1.68%
At number 1646th 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 -14.39% 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 13.79% across each of those five years.
Balwyn3103 is located in VIC which offers an average discount of -5.14% to property investors. Balwyn itself is showing figures that indicate -7.59% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $420 mark per week – giving a return of 3.25% based on the median price in Suburb