Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
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 $1062.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $1062.5 mark, reflecting a 2.57% increase in returns based on the current median price in BALGOWLAH.
BALGOWLAH, 2093 ranks 486th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 509th on the list of best yielding suburbs for rental properties in NSW, posting a 2.57% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,150,000 | $1,102,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.38% | -6.37% |
| Median 12 month | -0.19% | -17.72% |
| Median 3 years | 24.64% | 19% |
| Median 5 years | 63.5% | 69.1% |
| 10 years average annual | 6.1% | 8.48% |
| Weekly media advert. rent | $1062.5 | $635 |
| Time on Market | 44.1 days | 46.1 days |
| Gross Rental Yield Percent | 2.57% | 3% |
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