The suburb’s capital gain of 6.47% for the past year is lower than average compared to its 73.29% growth within a five-year period.
Also in BALWYN, the median home price is sitting at $2,254,500, and the average rent at $680, this suggests property owners could potentially earn a 1.57% increase in gross rental yield.
Property investors have seen a 2.48% gain in BALWYN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.64% growth over a ten-year period. It ranks 82nd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.47%||2.62%|
|Median 3 years||38.74%||16.68%|
|Median 5 years||73.29%||31.7%|
|10 years average annual||9.64%||5.28%|
|Weekly media advert. rent||$680||$425|
|Time on Market||92.4 days||100.8 days|
|Gross Rental Yield Percent||1.57%||3.17%|