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 7.34% growth over a ten-year period. It ranks 831st 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 2.5% for the past year, which is lower than average compared to its 74.55% growth within a five-year period.
With the median home price in BALGOWNIE sitting at $922,500, and the average rent at $515, property owners could potentially earn a 2.9% 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.
Homeowners and real estate investors betting on BALGOWNIE, 2519 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 12.81%.
A steady increase in median property prices over a five-year period in BALGOWNIE, 2519 translates to a 39.72% capital gain.
Property investors enjoyed capital gains of 12.81% over the last 12 months in BALGOWNIE, translating to lower returns compared with its peers in NSW.
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 $700,000.
Profits due to an upward trend in home prices in BALGOWNIE, 2519 averaged 13.24% per annum over a 3-year period.
Home owners selling their properties and realtors in BALGOWNIE usually have to wait an average of 78.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $490 mark, reflecting a 3.64% increase in returns based on the current median price in BALGOWNIE.
BALGOWNIE, 2519 places 184th in Australia based on median property value growth during the quarter.