BALGA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $322,000.
Profits due to an downward trend in home prices in the suburb averaged -7.47% per annum over a 3-year period.
BALGA now ranks at the 317th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BALGA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $280 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BALGA, homes and units usually stay on listing for an average of 106.2 days.
In 2016, 197 properties were sold in BALGA during the past year, making it the 276th most active market in WA based on total real estate transactions.
BALGA ranks 53rd in WA when it comes to estimated capital gains experienced by property investors over the past three years.
BALGA, 6061 has a capital gain of -7.14% for the past year, which is lower than average compared to its -5.45% growth within a five-year period.
With the median home price in BALGA sitting at $260,000, and the average rent at $255, property owners could potentially earn a 5.1% increase in gross rental yield.
Property investors have seen a -2.8% drop in BALGA based on a decrease 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 BALGA, 6061 obtained a -0.72% decrease over a ten-year period. It ranks 1716th on our list of suburbs that property investors should look into.