
New home sales reach two-decade high
Home sales have soared for the month of December, doubling compared with the number of sales recorded in November, new research has reveale...
Property investors have seen a -0.93% 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 $530,000
Profits averaged 4.66% 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 $360 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 3.53%.
An average of 1.5 real estate transactions take place per month in BALCOLYN which translates to 18 per annum.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $530,000 | N/A |
GROWTH REPORT | ||
Median Quarterly | -0.93% | N/A |
Median 12 month | -9.79% | N/A |
Median 3 years | 13.98% | N/A |
Median 5 years | 30.86% | N/A |
10 years average annual | 4.19% | N/A |
Weekly media advert. rent | $360 | N/A |
Time on Market | 98.0 days | N/A |
Gross Rental Yield Percent | 3.53% | N/A |
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