Regional town remains resilient despite COVID-19
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
BALMORAL, 2283 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 $507,500.
Profits due to an upward trend in home prices in the suburb averaged 4.26% per annum over a 3-year period.
BALMORAL now ranks at the 944th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BALMORAL are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BALMORAL, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 13 properties were sold in BALMORAL during the past year, making it the 1179th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $507,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.98% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 12.78% | N/A |
| Median 5 years | 16.27% | N/A |
| 10 years average annual | 4.18% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...
A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...
Millennials aren’t all that interested in building a property portfolio, according to new research. ...
There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...
Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...
While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
