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Property investors have seen a 9.25% 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 $502,000
Profits averaged 9.3% 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 4.35%.
An average of 1.75 real estate transactions take place per month in BALCOLYN which translates to 21 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $502,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.25% | N/A |
| Median 12 month | 0.4% | N/A |
| Median 3 years | 27.9% | N/A |
| Median 5 years | 35.68% | N/A |
| 10 years average annual | 6.39% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 78.1 days | N/A |
| Gross Rental Yield Percent | 4.35% | N/A |
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