Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
The suburb’s capital gain of -4.84% for the past year is lower than average compared to its 37.21% 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 $895, this suggests property owners could potentially earn a 1.58% increase in gross rental yield.
Property investors have seen a -7.88% 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 6.69% growth over a ten-year period. It ranks 1122nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.84%||-7.36%|
|Median 3 years||-7.81%||45.56%|
|Median 5 years||37.21%||28.09%|
|10 years average annual||6.69%||6.2%|
|Weekly media advert. rent||$895||$590|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||1.58%||2.22%|