PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
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Based on its average 5-year and quarterly capital gains BALAKLAVA, 5461 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 BALAKLAVA, 5461 obtained a 0.86% growth over a ten-year period. It ranks 3521st on our list of suburbs that property investors should look into.
BALAKLAVA, 5461 in SA belongs to the local government area of Wakefield (DC).
BALAKLAVA, 5461 has a capital gain of 7.53% for the past year, which is higher than average compared to its 4.17% growth within a five-year period.
With the median home price in BALAKLAVA sitting at $200,000, and the average rent at $245, property owners could potentially earn a 6.37% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALAKLAVA are high, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $200,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | N/A |
| Median 12 month | 7.53% | N/A |
| Median 3 years | 2.56% | N/A |
| Median 5 years | 4.17% | N/A |
| 10 years average annual | 0.86% | N/A |
| Weekly media advert. rent | $245 | N/A |
| Time on Market | 135.1 days | N/A |
| Gross Rental Yield Percent | 6.37% | N/A |
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