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 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|