NSW has seen average median house prices change by 7.11% which means that Balgowlah, 2093 has done well for property investors by showing a capital gain of 8.32% over the last year
Balgowlah,2093 was ranked 2328 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balgowlah, 2093. Typically our figures indicate that -9.74% is being offered, which puts this NSW suburb at 300th most discounted overall in Australia.
The NSW suburb of Balgowlah, 2093 is in the Manly local government area.
If you compare the increase in value of investment property in Balgowlah, 2093 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 23.28%.
Across a shorter period, Balgowlah, 2093 has seen a median price increase of -0.55% over the last quarter.
Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -4.77% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Balgowlah have been waiting around 44.5 days to sell a property.
Situated 7.71km from the CBD, Balgowlah is one of Manly localities in the postcode 2093.