Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Based on its average 5-year and quarterly capital gains BALGOWNIE, 2519 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BALGOWNIE, 2519 obtained a 6.21% growth over a ten-year period. It ranks 1301st on our list of suburbs that property investors should look into.
BALGOWNIE, 2519 in NSW belongs to the local government area of Wollongong (C).
BALGOWNIE, 2519 has a capital gain of -12.53% for the past year, which is lower than average compared to its 44.88% growth within a five-year period.
With the median home price in BALGOWNIE sitting at $820,000, and the average rent at $550, property owners could potentially earn a 3.49% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALGOWNIE are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | $705,000 |
| GROWTH REPORT | ||
| Median Quarterly | -9.52% | -3.42% |
| Median 12 month | -12.53% | 2.92% |
| Median 3 years | 12.71% | 29.36% |
| Median 5 years | 44.88% | 63.01% |
| 10 years average annual | 6.21% | 6.77% |
| Weekly media advert. rent | $550 | $480 |
| Time on Market | 57.0 days | 65.7 days |
| Gross Rental Yield Percent | 3.49% | 3.54% |
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