Suburb Profile Report for Balmain East NSW (2041)

Balmain East House: Median price $2,650,000, Annual capital growth 7.86%, Number of sales 21, Weekly median advertised rent $845

Balmain East Unit: Median price $1,084,500, Annual capital growth 1.24%, Number of sales 25, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Balmain East has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.77%

Situated 1.79km from the CBD, Balmain East is one of Leichhardt localities in the postcode 2041.

NSW has seen average median house prices change by 5.88% which means that Balmain East, 2041 has done well for property investors by showing a capital gain of 3.29% over the last year

Over the longer term, Balmain East has seen property prices show investors a 17.88% return over the last 3 years. This is worse than over the last 12 months

Property investors should expect to get $650 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,650,000 $1,084,500
N/A 5.86%
12.77% 3.29%
7.86% 1.24%
$845 $650
21 25
1.66% 3.12%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), 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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