Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Property investors have seen a 1.35% 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 $565,000
Profits averaged 4.33% 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 3.87%.
An average of 1.25 real estate transactions take place per month in BALCOLYN which translates to 15 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $565,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.35% | N/A |
| Median 12 month | -2.92% | N/A |
| Median 3 years | 13% | N/A |
| Median 5 years | 34.52% | N/A |
| 10 years average annual | 6.1% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 75.8 days | N/A |
| Gross Rental Yield Percent | 3.87% | N/A |
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