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AREA REPORTS

Balgowlah

Suburb Profile

Balgowlah - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2093

house
unit

Property investors enjoyed capital gains of 0.95% 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 17.55% 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 $1100 based on current median home prices for the suburb.

On average, rents on listings have reached the $1100 mark, reflecting a 2.7% increase in returns based on the current median price in BALGOWLAH.

BALGOWLAH, 2093 ranks 158th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 908th on the list of best yielding suburbs for rental properties in NSW, posting a 2.7% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,120,000 $1,050,000
GROWTH REPORT
Median Quarterly -0.35% 2.44%
Median 12 month 0.95% -10.83%
Median 3 years 17.55% 5%
Median 5 years 46.21% 33.55%
10 years average annual 6.97% 7.89%
Weekly media advert. rent $1100 $650
Time on Market 54.7 days 72.9 days
Gross Rental Yield Percent 2.7% 3.22%
demographics (median values)
Total Population
6414
Weekly Household Income
1478
Household Size
2.40
demographics
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