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 2.57% growth over a ten-year period. It ranks 2694th 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 10.1% for the past year, which is higher than average compared to its 0% growth within a five-year period.
With the median home price in BALAKLAVA sitting at $212,500, and the average rent at $225, property owners could potentially earn a 5.51% 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.
A 10.1% 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 88th.