Balgownie has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.73% to date .
If we look at median property appreciation over just the last three months, Balgownie has given property investors a paper return of 1.64%. This puts Suburb as 692 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Balgownie is $930000, with sellers offering an average of -6.50% off the asking price.
Residents and property investors in Balgownie have been waiting around 83.05 days to sell a property.
With the median price for a house in Balgownie being $930000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.68%
Over the last year, property investments in Balgownie, 2519 have given investors a capital gain of 8.47%. This compares averagely with the 7.48% for NSW as a whole.
If we look at median property appreciation over just the last three months, Balgownie has given property investors a paper return of 5.70%. This puts Suburb as 77 on a list of fastest fasting appreciating suburbs in NSW
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 Balgownie, 2519. Typically our figures indicate that -3.61% is being offered, which puts this NSW suburb at 1117th most discounted overall in Australia.
Advertised rents are around the $480 mark per week – giving a return of 3.71% based on the median price in Suburb
Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.Full summary
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Transformation of Wollongong suburb heralds growth
Median house price: $802,500
Three-year growth: 40.79%
Rental yield: 3.18%
Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.
Over the December 2016 quarter, Balgownie recorded a remarkably significant price increase of 12.5%, continuing a trend observed for the past five years. Even with this hike, vendors are able to sell houses at a low discount rate of just 4.7%.
One factor could be Balgownie’s proximity to the CBD. It is also bordered by Fairy Meadow, a light industrial and commercial area. Thus, Balgownie is highly convenient for professionals and provides easy access to amenities, since bus services can take commuters into town. The suburb offers homes for residents in various socioeconomic conditions, with public housing in the eastern side, townhouses, villas and mansions. There are also fine dining establishments, cafes and pubs in BaClose