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Balcolyn
AREA REPORTS

Balcolyn

Balcolyn - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2264

house

Property investors have seen a 21.66% gain in BALCOLYN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BALCOLYN, 2264 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 23.36%.

Based on its average 5-year and quarterly capital gains BALCOLYN, 2264 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $660,000

Profits averaged 10.49% per annum over a 3-year period, due to an upward trend in home prices in BALCOLYN, 2264.

This means, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.

The gross rental yield in BALCOLYN, 2264 is 3.23%.

An average of 2.25 real estate transactions take place per month in BALCOLYN which translates to 27 per annum.

Data report can be found below

Balcolyn
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $660,000 N/A
GROWTH REPORT
Median Quarterly 21.66% N/A
Median 12 month 23.36% N/A
Median 3 years 31.47% N/A
Median 5 years 46.99% N/A
10 years average annual 6.55% N/A
Weekly media advert. rent $410 N/A
Time on Market 45.6 days N/A
Gross Rental Yield Percent 3.23% N/A
demographics (median values)*
Total Population
14233
Weekly Household Income
1120
Household Size
2.40
Age
46
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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