Property investors have seen a 2.59% gain in BALCOLYN based on an increase 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 $495,000
Profits averaged 5.95% 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 4.31%.
An average of 1.83 real estate transactions take place per month in BALCOLYN which translates to 22 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.81%||N/A|
|Median 3 years||17.86%||N/A|
|Median 5 years||29.02%||N/A|
|10 years average annual||5.3%||N/A|
|Weekly media advert. rent||$410||N/A|
|Time on Market||33.1 days||N/A|
|Gross Rental Yield Percent||4.31%||N/A|