VIC has seen average median house prices change by 8.96% which means that Balwyn North, 3104 has done well for property investors by showing a capital gain of -2.73% over the last year
While Balwyn North,3104 ranked number 483th in VIC for increase in median house value (annualised) increase, it is ranked 47th over the last 5 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 North, 3104. Typically our figures indicate that -9.79% is being offered, which puts this VIC suburb at 393th most discounted overall in Australia.
In the last year 282 properties changed hands in Balwyn North, which puts it as the 66th most active market in VIC when comparing the number of sales per suburb.
Property investors who have had real estate in Balwyn North, 3104 should be ok 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 2.97%
While Balwyn North,3104 ranked number 269th in VIC for increase in median house value (annualised) increase, it is ranked 2nd over the last 5 years.
Property buyers and investors in Balwyn North 3104 should be seeing an average reduction in asking price of around -7.15% . This means that Balwyn North is holding prices well when compared to other suburbs in VIC.
In the last year 60 properties changed hands in Balwyn North, which puts it as the 152th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6240 per annum or $520 every week.