Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
The suburb’s capital gain of 5.75% for the past year is higher than average compared to its 19.05% growth within a five-year period.
Also in BALWYN, the median home price is sitting at $2,500,000, and the average rent at $745, this suggests property owners could potentially earn a 1.55% increase in gross rental yield.
Property investors have seen a 2.13% 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 6.32% growth over a ten-year period. It ranks 1367th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.75%||-14.81%|
|Median 3 years||7.41%||14.04%|
|Median 5 years||19.05%||24.35%|
|10 years average annual||6.32%||4.8%|
|Weekly media advert. rent||$745||$420|
|Time on Market||70.7 days||70.2 days|
|Gross Rental Yield Percent||1.55%||2.59%|