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2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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BalaklavaBalaklava - SUBURB PROFILE REPORT
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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 3.91% growth over a ten-year period. It ranks 2792nd 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 25.37% for the past year, which is higher than average compared to its 26.91% growth within a five-year period.
With the median home price in BALAKLAVA sitting at $257,000, and the average rent at $280, property owners could potentially earn a 5.67% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALAKLAVA are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $257,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.8% | N/A |
| Median 12 month | 25.37% | N/A |
| Median 3 years | 26.84% | N/A |
| Median 5 years | 26.91% | N/A |
| 10 years average annual | 3.91% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 100.6 days | N/A |
| Gross Rental Yield Percent | 5.67% | N/A |
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