Property investors enjoyed capital gains of 8.32% over the last 12 months in BALGOWLAH, translating to lower returns compared with its peers in NSW.
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.
The suburb posted a 44.56% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $1250 based on current median home prices for the suburb.
On average, rents on listings have reached the $1250 mark, reflecting a 2.98% increase in returns based on the current median price in BALGOWLAH.
BALGOWLAH, 2093 ranks 590th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 830th on the list of best yielding suburbs for rental properties in NSW, posting a 2.98% return.
Property investors have seen a -0.55% drop in BALGOWLAH based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on BALGOWLAH, 2093 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 23.28%.
Based on its average 5-year and quarterly capital gains BALGOWLAH, 2093 saw average growth in the long term.
BALGOWLAH, 2093 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,345,000.
Profits due to an upward trend in home prices in BALGOWLAH, 2093 averaged 19.41% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in BALGOWLAH, 2093 is 2.51%.
An average of 11.25 real estate transactions take place per month in BALGOWLAH which translates to 135 per annum.
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