BALMORAL, 2283 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BALMORAL, 2283 values up and netting property investors a capital gain of 28.74% for the past year.
Investors saw the median home price rise to $560,000.
Profits due to an upward trend in home prices in the suburb averaged 12.2% per annum over a 3-year period.
BALMORAL now ranks at the 21st 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $390 based on current median home prices.
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 94.6 days.
In 2016, 13 properties were sold in BALMORAL during the past year, making it the 1228th most active market in NSW based on total real estate transactions.
Labor should ask Paul Keating what...
Good stuff Wayne. Congrats on your...
It seems this proposal does not apply to...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal