Property value increases in Balnarring have tracked just higher than the VIC average of 8.27% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Balnarring comes in at number 330th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Balnarring itself are offering an average vendor discount of -3.55% to real estate investors.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.60%, investors should hope to achieve an overall return of 3.38%