Property investors have seen a -7% 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 $465,000
Profits averaged 10.64% 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 $395 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 4.42%.
An average of 2.17 real estate transactions take place per month in BALCOLYN which translates to 26 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $465,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7% | N/A |
| Median 12 month | 4.85% | N/A |
| Median 3 years | 31.91% | N/A |
| Median 5 years | 24.55% | N/A |
| 10 years average annual | 3.38% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 47.1 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
Hopefully this will increase the value...
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