Government Extends Home Guarantee Scheme With 40,000 New Places
The dawn of the new financial year has brought with it an expansion of the Home Guarantee Scheme, with the Albanese gove...
A steady increase in median property prices over a five-year period in the suburb translates to a 30.37% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,490,000
The augmented property values in the suburb are trailing behind the territorial average of 23.63% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $850.
Home owners selling their properties and realtors in BALMAIN usually have to wait an average of 51.2 days days before their assets are lifted off the market.
The NSW suburb ranks 1014th on the list of best yielding suburbs for rental properties in NSW, posting a 1.78% return.
It also places places 963rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.96%||6.63%|
|Median 3 years||30.37%||6.09%|
|Median 5 years||31.05%||3.06%|
|10 years average annual||9.15%||6.88%|
|Weekly media advert. rent||$850||$640|
|Time on Market||51.2 days||57.8 days|
|Gross Rental Yield Percent||1.78%||2.64%|