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AREA REPORTS

Balgownie

Balgownie - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2519

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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 6.68% growth over a ten-year period. It ranks 723rd 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 15.71% for the past year, which is higher than average compared to its 31.49% growth within a five-year period.

With the median home price in BALGOWNIE sitting at $950,000, and the average rent at $500, property owners could potentially earn a 2.74% 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $950,000 $755,000
GROWTH REPORT
Median Quarterly 1.6% 2.03%
Median 12 month 15.71% 9.42%
Median 3 years 2.43% 10.22%
Median 5 years 31.49% 39.81%
10 years average annual 6.68% 6.86%
Weekly media advert. rent $500 $490
Time on Market 43.7 days 58.6 days
Gross Rental Yield Percent 2.74% 3.37%
demographics (median values)
Total Population
5580
Weekly Household Income
1156
Household Size
2.70
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