Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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 24.07% for the past year.
Investors saw the median home price rise to $670,000.
BALMORAL now ranks at the 1105th 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, 15 properties were sold in BALMORAL during the past year, making it the 1202nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.07%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||54.02%||N/A|
|10 years average annual||11.32%||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|