Balgownie

POSTAL CODE: NSW, 2519

HOUSE

UNIT

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 6.82% growth over a ten-year period. It ranks 2069th on our list of suburbs that property investors should look into.

BALGOWNIE, 2519 in NSW belongs to the local government area of Wollongong.

BALGOWNIE, 2519 has a capital gain of 0.75% for the past year, which is lower than average compared to its 42.11% growth within a five-year period.

With the median home price in BALGOWNIE sitting at $1,350,000, and the average rent at $780, property owners could potentially earn a 3% 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.

A steady increase in median property prices over a five-year period in BALGOWNIE, 2519 translates to a -10% capital gain.

BALGOWNIE, 2519 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $900,000.

Profits due to an downward trend in home prices in BALGOWNIE, 2519 averaged -3.33% per annum over a 3-year period.

Home owners selling their properties and realtors in BALGOWNIE usually have to wait an average of 49.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $735 mark, reflecting a 4.25% increase in returns based on the current median price in BALGOWNIE.

BALGOWNIE, 2519 places 475th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,350,000	$900,000
Growth Report
Median Quarterly	1.12%	-1.96%
Median 12 month	0.75%	-3.74%
Median 3 years	12.5%	-10%
Median 5 years	42.11%	22.45%
10 years average annual	6.82%	5.6%
Weekly media advert. rent	$780	$735
Time on Market	71.2 days	49.3 days
Gross Rental Yield Percent	3%	4.25%

Demographics (Median Values)*

Total Population 16929

Weekly Household Income 1348

Household Size 2.50

Average Age 40

Monthly Loan Repayment 2007

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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