Balwyn North has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.26% to date .
While Balwyn North,3104 ranked number 585th in VIC for increase in median house value (annualised) increase, it is ranked 18th 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 -11.73% is being offered, which puts this VIC suburb at 183th most discounted overall in Australia.
The VIC suburb of Balwyn North, 3104 is in the Boroondara local government area.
With a capital gain of 5.00% for the last 12 months, Balwyn North, 3104 has performed for property investments than its average annual 9.09% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balwyn North has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.33% offered to property buyers. Sellers in Balwyn North itself are offering an average vendor discount of -9.88% to real estate investors.
Often selling an investment property can take time, and in Balwyn North the average time real estate has been on the market is 97 days.
With the median price for a house in Balwyn North being $1050000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 2.33%