Balcolyn, 2264 ranked 663th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balcolyn is one of 3163 in our list for NSW
The five-year average increase in median property values for Balcolyn,2264 has given property investors a potential capital gain of 44.52% across each of those five years.
Renters in Suburb are facing rents around $22100 per annum or $425 every week.
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Balcolyn, NSW – Lively growth in Lake Macquarie
Median house price: $622,500
Three-year growth: 38.6%
Rental yield: 3.6%
Located in Lake Macquarie City, the suburb of Balcolyn was developed all the way back when the casuarina trees along the waterfront attracted the timber industry to the area. The suburb has recorded significant growth in recent years.
Being surrounded by the waters of Lake Macquarie, Balcolyn offers facilities for water activities, including a jetty for sailing, fishing, canoeing and paddle boating.
The proximity to the lake also gives residents access to attractions like Pulbah Island, which is considered a sacred site for the Awabakal people and is managed by the NSW National Parks & Wildlife Service. The island has excellent views of the Wangi Wangi Peninsula as well.