Property value increases in Balwyn North have tracked lower than the VIC average of 8.12% over the last 12 months.
Taking the average capital gain, or increase in median house value, Balwyn North,3104 has racked up an average of -3.24% over the period. This ranks it number 668th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Balwyn North itself are offering an average vendor discount of -9.91% to real estate investors.
On average over the past year, suburb has had 23.17 sales per month, which equates to 278 per year.
Situated 11.09km from the CBD, Balwyn North is one of Boroondara localities in the postcode 3104.
With a capital gain of -1.82% for the last 12 months, Balwyn North, 3104 has performed for property investments than its average annual 9.16% property growth over the last 5 years.
The five-year average increase in median property values for Balwyn North,3104 has given property investors a potential capital gain of 67.21% across each of those five years.
Sellers are offering property buyers an average discount of -9.88% to buyers in Balwyn North at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $520 mark per week – giving a return of 2.50% based on the median price in Suburb