Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 7.14%. This compares favourably with the 1.14% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Balmain comes in at number 1068th in NSW.
Balmain, 2041 is offering NSW ‘s 673th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
The NSW suburb of Balmain, 2041 is in the Inner West (A) local government area.
Property investors who have had real estate in Balmain, 2041 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.33%
Over the longer term, Balmain has seen property prices show investors a -13.76% return over the last 3 years. This is an improvement 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 -4.57% below the asking price at the moment.
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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.