Investment property in Balmain has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.70%
Balmain,2041 has offered an average of -8.70% return per annum in house price rises to property investors over the last three years.
The most recent median price for Balmain is $1785000, with sellers offering an average of -5.50% off the asking price.
Balmain, 2041’s gross rental yield is 2.60%
Balmain, 2041 ranked 501th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balmain is one of 3163 in our list for NSW
Over the longer term, Balmain has seen property prices show investors a -22.54% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Balmain are currently offering property investors an average price cut of -6.83% below the asking price at the moment.
Often selling an investment property can take time, and in Balmain the average time real estate has been on the market is 77.9429 days.
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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.