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1 MIN READCBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
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BalcolynBalcolyn - SUBURB PROFILE REPORT
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Property investors have seen a 0% 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 $530,000
Profits averaged 1.86% 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 4.12%.
An average of 1.25 real estate transactions take place per month in BALCOLYN which translates to 15 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $530,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -4.5% | N/A |
| Median 3 years | 5.58% | N/A |
| Median 5 years | 26.95% | N/A |
| 10 years average annual | 3.4% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.12% | N/A |
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