VIC/
Balnarring

Suburb Profile

Balnarring - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3926

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A 20.91% increase in median property prices in BALNARRING, 3926 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 86th.

A steady increase in median property prices over a five-year period in the suburb translates to a 34.96% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $720,000

The augmented property values in the suburb are trailing above the territorial average of 9.82% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $490.

Home owners selling their properties and realtors in BALNARRING usually have to wait an average of 65.5 days days before their assets are lifted off the market.

The VIC suburb ranks 302nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.54% return.

It also places places 334th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $720,000 N/A
GROWTH REPORT
Median Quarterly 2.86% N/A
Median 12 month 20.91% N/A
Median 3 years 34.96% N/A
Median 5 years 44% N/A
10 years average annual 9.22% N/A
Weekly media advert. rent $490 N/A
Time on Market 65.5 days N/A
Gross Rental Yield Percent 3.54% N/A
demographics (median values)
Total Population
1618
Weekly Household Income
941.8
Household Size
2.50
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