Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Figures from the previous quarter show that capital gains for real estate buyers in BALGOWLAH are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $1150 based on current median home prices for the suburb.
On average, rents on listings have reached the $1150 mark, reflecting a 2.88% increase in returns based on the current median price in BALGOWLAH.
BALGOWLAH, 2093 ranks 589th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1037th on the list of best yielding suburbs for rental properties in NSW, posting a 2.88% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,080,000 | $1,062,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.95% | 0% |
| Median 12 month | -2.23% | -3.89% |
| Median 3 years | 10.7% | 7.27% |
| Median 5 years | 38.67% | 37.25% |
| 10 years average annual | 6.32% | 7.32% |
| Weekly media advert. rent | $1150 | $630 |
| Time on Market | 59.5 days | 69.4 days |
| Gross Rental Yield Percent | 2.88% | 3.08% |
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