Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
A survey of average capital gains or median home price increase in suburbs across the country shows that BALAKLAVA, 5461 obtained a 2.85% growth over a ten-year period. It ranks 2496th on our list of suburbs that property investors should look into.
BALAKLAVA, 5461 in SA belongs to the local government area of Wakefield.
BALAKLAVA, 5461 has a capital gain of 9.54% for the past year, which is higher than average compared to its 6.25% growth within a five-year period.
With the median home price in BALAKLAVA sitting at $212,500, and the average rent at $218.5, property owners could potentially earn a 5.35% increase in gross rental yield.
A 9.54% increase in median property prices in BALAKLAVA, 5461 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 85th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $212,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 9.54% | N/A |
| Median 3 years | 19.72% | N/A |
| Median 5 years | 6.25% | N/A |
| 10 years average annual | 2.85% | N/A |
| Weekly media advert. rent | $218.5 | N/A |
| Time on Market | 107.2 days | N/A |
| Gross Rental Yield Percent | 5.35% | N/A |
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