‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
The suburb’s capital gain of -7.96% for the past year is lower than average compared to its 73.53% growth within a five-year period.
Also in BALMAIN EAST, the median home price is sitting at $2,950,000, and the average rent at $1000, this suggests property owners could potentially earn a 1.76% increase in gross rental yield.
Property investors have seen a -6.35% drop in BALMAIN EAST based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.33% growth over a ten-year period. It ranks 371st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,950,000 | $1,335,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.35% | 6.8% |
| Median 12 month | -7.96% | 43.55% |
| Median 3 years | 31.11% | 40.53% |
| Median 5 years | 73.53% | 42.02% |
| 10 years average annual | 8.33% | 11.22% |
| Weekly media advert. rent | $1000 | $652.5 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 1.76% | 2.54% |
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