The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
Property investors have seen a -5.62% drop in BALCOLYN based on a decrease in median home prices for the past three months.
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 $587,500
Profits averaged 4.69% 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 $420 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 3.72%.
An average of 1 real estate transactions take place per month in BALCOLYN which translates to 12 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $587,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.62% | N/A |
| Median 12 month | -1.01% | N/A |
| Median 3 years | 14.08% | N/A |
| Median 5 years | 39.88% | N/A |
| 10 years average annual | 7.42% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.72% | N/A |
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