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....
Property investors have seen a 0% 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 17.58%.
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 $582,000
Profits averaged 13.98% 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 $400 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 3.57%.
An average of 1.92 real estate transactions take place per month in BALCOLYN which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $582,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 17.58% | N/A |
| Median 3 years | 41.95% | N/A |
| Median 5 years | 68.7% | N/A |
| 10 years average annual | 7.38% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 97.5 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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