Property investors have seen a -8.47% 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 $459,500
Profits averaged 2.71% 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 $430 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 4.87%.
An average of 1.83 real estate transactions take place per month in BALCOLYN which translates to 22 per annum.
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