With a capital gain of -1.76% for the last 12 months, Balmain, 2041 has performed for property investments than its average annual 7.92% property growth over the last 5 years.
A 72.57% growth in median value for property investors in Balmain,2041 puts this suburb at number 1272th in terms of best performing suburbs in NSW
The most recent median price for Balmain is $1950000, with sellers offering an average of -4.57% off the asking price.
Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 8.33%. This compares favourably with the 5.36% for NSW as a whole.
If we look at median property appreciation over just the last three months, Balmain has given property investors a paper return of -4.06%. This puts Suburb as 506 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Balmain should be aiming for at least -4.72% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Balmain being $1300000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 3.00%
Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes. Full summary
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Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes.
As the crow flies it’s just a couple of kilometres north-west of Sydney’s CBD, but the road route into the city is closer to five or six kilometres. Ferries provide another option, with Balmain being a short hop by water from Circular Quay.