Menangle Park Could Be The Next South Western Sydney Success Story
For buyers willing to gamble on an early-stage release in an unknown suburb, the rewards might just outweigh the risks. ...
The suburb’s capital gain of -0.59% for the past year is lower than average compared to its 11.9% growth within a five-year period.
Also in BALWYN, the median home price is sitting at $2,350,000, and the average rent at $745, this suggests property owners could potentially earn a 1.65% increase in gross rental yield.
Property investors have seen a 3.98% 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 5.23% growth over a ten-year period. It ranks 1659th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.59%||-9.46%|
|Median 3 years||1.73%||6.69%|
|Median 5 years||11.9%||17.38%|
|10 years average annual||5.23%||4.24%|
|Weekly media advert. rent||$745||$425|
|Time on Market||67.5 days||76.3 days|
|Gross Rental Yield Percent||1.65%||2.64%|