The suburb’s capital gain of 8.68% for the past year is lower than average compared to its 72.46% growth within a five-year period.
Also in BALMAIN EAST, the median home price is sitting at $2,880,000, and the average rent at $1047.5, this suggests property owners could potentially earn a 1.89% increase in gross rental yield.
Property investors have seen a -3.36% 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 6.29% growth over a ten-year period. It ranks 1121st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.68%||7.37%|
|Median 3 years||46.94%||11.96%|
|Median 5 years||72.46%||86.44%|
|10 years average annual||6.29%||6.73%|
|Weekly media advert. rent||$1047.5||$599|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||1.89%||2.83%|