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1 MIN READHouse Prices Push Average Australian’s Wealth Even Higher In 2022
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Balnarring BeachBalnarring Beach - SUBURB PROFILE REPORT
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Homeowners and real estate investors betting on BALNARRING BEACH, 3926 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 40.5%.
A steady increase in median property prices over a five-year period in the suburb translates to a N/A capital gain.
Property investors in BALNARRING BEACH enjoyed capital gains of 40.5% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb 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 $1,700,000.
Home owners selling their properties and realtors in BALNARRING BEACH usually have to wait an average of 39.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BALNARRING BEACH.
BALNARRING BEACH, 3926 places 24th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 13.33% | N/A |
| Median 12 month | 40.5% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 91.55% | N/A |
| 10 years average annual | 11.92% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 39.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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