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 23.77% for the past year.
Investors saw the median home price rise to $565,000.
Profits due to an upward trend in home prices in the suburb averaged 8.52% per annum over a 3-year period.
BALMORAL now ranks at the 259th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $405 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 87.5 days.
In 2016, 12 properties were sold in BALMORAL during the past year, making it the 1291st most active market in NSW based on total real estate transactions.
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