Property investors who have had real estate in Balmain, 2041 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.33%
Across a shorter period, Balmain, 2041 has seen a median price increase of 2.17% over the last quarter.
Property investors looking for a bargain in Balmain should be aiming for at least -4.54% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $900 weekly from the median priced house in this suburb.
Balmain has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.85% to date .
A 78.32% growth in median value for property investors in Balmain,2041 puts this suburb at number 114th in terms of best performing suburbs in NSW
At number 51th of NSW’s most discounted properties, Balmain is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $730 weekly from the median priced house in this suburb.
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.