Regional town remains resilient despite COVID-19
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
The suburb’s capital gain of -12.5% for the past year is lower than average compared to its 38.75% growth within a five-year period.
Also in BALMAIN EAST, the median home price is sitting at $2,712,500, and the average rent at $1225, this suggests property owners could potentially earn a 2.35% increase in gross rental yield.
Property investors have seen a -4.82% 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 6.12% growth over a ten-year period. It ranks 1036th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,712,500 | $1,510,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.82% | -1.31% |
| Median 12 month | -12.5% | 4.14% |
| Median 3 years | 2.36% | 35.49% |
| Median 5 years | 38.75% | 59.52% |
| 10 years average annual | 6.12% | 6.98% |
| Weekly media advert. rent | $1225 | $650 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.35% | 2.24% |
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