Suburb Profile Report for Balmain NSW (2041)

Balmain House: Median price $1,842,500, Annual capital growth 8.03%, Number of sales 143, Weekly median advertised rent $900

Balmain Unit: Median price $1,087,500, Annual capital growth 7.29%, Number of sales 78, Weekly median advertised rent $700

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Balmain is in the bottom 30% in NSW when comparing median price capital growth over the last year. Balmain gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.08%.

The five-year average increase in median property values for Balmain,2041 has given property investors a potential capital gain of 68.46% across each of those five years.

Balmain2041 is located in NSW which offers an average discount of -5.49% to property investors. Balmain itself is showing figures that indicate -7.86% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $900 weekly from the median priced house in this suburb.

Giving property investors a a solid capital gain of 11.54% for the last year, Balmain, 2041 is the 338th highest performer in Australia in this respect.

Balmain,2041 has offered an average of 11.54% return per annum in house price rises to property investors over the last three years.

At number 20th of NSW’s most discounted properties, Balmain is in the bottom 10% of the state/territory when listing in order of most discounted to least.

At number 348 in a list of fastest selling suburbs, Balmain is in the TOP 30% of suburbs in Australia with an average of days on market 57.45 for properties listed there.

Balmain is 495th on a list of best yielding suburbs for rents in NSW with a 3.35% return

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Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes. Full summary

Balmain is a prime example of what Renovating for Profit founder Cherie Barber calls a ‘lifestyle’ suburb: it’s a desirable and fashionable location with a good selection of popular bars and cafes.

As the crow flies it’s just a couple of kilometres north-west of Sydney’s CBD, but the road route into the city is closer to five or six kilometres. Ferries provide another option, with Balmain being a short hop by water from Circular Quay.

Close
Metrics i HOUSE UNIT
$1,842,500 $1,087,500
3.22% -9.38%
2.08% 11.54%
8.03% 7.29%
$900 $700
143 78
2.54% 3.35%
59.25 57.45

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Balmain NSW
Demographics
Total population 9783
Median household income ($/weekly) 2456
Median age of persons 38
Median housing loan repayment ($/monthly) 3033
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 846 8.6
    25-34 years 1849 18.9
    35-44 years 2006 20.5
    45-54 years 1387 14.2
    55-64 years 1225 12.5
    Others 2470 25.2
    Age Group
    Census Count Percent(%)
    Not Married 3090 42.4
    Registered Married 3017 41.4
    Defacto Relationship 1176 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6216 68.2
    Italy 154 1.7
    Papua New Guinea 349 3.8
    United Kingdom 1097 12.0
    Other 376 4.1
    Others 919 10.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 160 1.8
    Christianity 4891 56.3
    Islam 80 0.9
    Judaism 70 0.8
    No Religion 3389 39.0
    Others 103 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 222 5.8
    $1,500-$1,999 349 9.1
    $2,500-$2,999 738 19.3
    $3,000-$3,499 307 8.0
    $4,000 or more 630 16.5
    Others 1573 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4068 53.1
    Not in the labour force 1791 23.4
    Employed, worked part-time 1262 16.5
    Employed, away from work 301 3.9
    Unemployed, looking for work 244 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 1290 22.9
    Professionals 2420 43.0
    Community & personal service workers 336 6.0
    Clerical & administrative workers 673 12.0
    Sales 339 6.0
    Others 572 10.2
    Occupation
    Census Count Percent(%)
    Pre-school 176 9.7
    Infants/Primary 599 33.1
    Secondary 307 17.0
    Technical or Further Educational Institution 157 8.7
    University or other Tertiary Institutions 511 28.3
    Others 57 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 3523 39.5
    Separate house 3077 34.5
    Flat, unit or apartment 2195 24.6
    House or flat attached to a shop, office 128 1.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1828 44.3
    Being purchased 1252 30.4
    Fully owned 1019 24.7
    Other tenure type 23 0.6
    Tenure Type
Census 2011, ABS
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