Suburb Profile Report for Balmain East NSW (2041)

Balmain East House: Median price $2,650,000, Annual capital growth 5.33%, Number of sales 18, Weekly median advertised rent $895

Balmain East Unit: Median price $1,062,500, Annual capital growth 6.01%, Number of sales 26, Weekly median advertised rent $603

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 9.05% which means that Balmain East, 2041 has done well for property investors by showing a capital gain of 12.77% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Balmain East comes in at number 874th in NSW.

With the median price for a house in Balmain East being $2650000 and the advertised rent reaching $895 the gross rental yield for property investors calculates out to be 1.76%

Property value increases in Balmain East have tracked lower than the NSW average of 6.22% over the last 12 months.

Balmain East,2041 has offered an average of -6.08% return per annum in house price rises to property investors over the last three years.

Balmain East2041 is located in NSW which offers an average discount of -4.26% to property investors. Balmain East itself is showing figures that indicate -4.51% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Balmain East the average time real estate has been on the market is 45.6 days.

Property investors should expect to get $602.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,650,000 $1,062,500
4.33% -2.03%
12.77% -6.08%
5.33% 6.01%
$895 $603
18 26
1.76% 2.95%
N/A 45.6

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 1866
Median household income ($/weekly) 2511
Median age of persons 42
Median housing loan repayment ($/monthly) 3250
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 163 8.7
    25-34 years 273 14.6
    35-44 years 337 18.1
    45-54 years 280 15.0
    55-64 years 315 16.9
    Others 498 26.7
    Age Group
    Census Count Percent(%)
    Registered Married 637 43.8
    Not Married 598 41.2
    Defacto Relationship 218 15.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1226 70.2
    Papua New Guinea 52 3.0
    United Kingdom 212 12.1
    United States of America 27 1.5
    Other 73 4.2
    Others 156 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.6
    Christianity 988 58.0
    Islam 7 0.4
    Judaism 14 0.8
    No Religion 661 38.8
    Others 7 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 50 6.7
    $1,500-$1,999 67 9.0
    $2,500-$2,999 158 21.2
    $3,000-$3,499 73 9.8
    $4,000 or more 115 15.4
    Others 282 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 738 49.0
    Not in the labour force 409 27.2
    Employed, worked part-time 263 17.5
    Employed, away from work 61 4.1
    Unemployed, looking for work 35 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 240 22.5
    Professionals 471 44.2
    Technicians & trades workers 50 4.7
    Clerical & administrative workers 133 12.5
    Sales 74 6.9
    Others 98 9.2
    Occupation
    Census Count Percent(%)
    Pre-school 25 7.0
    Infants/Primary 116 32.7
    Secondary 76 21.4
    Technical or Further Educational Institution 26 7.3
    University or other Tertiary Institutions 98 27.6
    Others 14 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 660 37.9
    Flat, unit or apartment 543 31.2
    Separate house 516 29.7
    House or flat attached to a shop, office 21 1.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 351 43.1
    Fully owned 263 32.3
    Being purchased 198 24.3
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals