Suburb Profile Report for Balmain NSW (2041)

Balmain House: Median price $1,725,000, Annual capital growth 8.15%, Number of sales 147, Weekly median advertised rent $893

Balmain Unit: Median price $1,030,000, Annual capital growth 6.61%, Number of sales 72, Weekly median advertised rent $695

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Balmain, 2041 ranked 936th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balmain is one of 3162 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Balmain comes in at number 549th in NSW.

Vendor discounting in Balmain is giving property investors an average Vendor Discount of around -9.02%. This puts suburb at number 85th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Balmain the average time real estate has been on the market is 59.01 days.

Using the current median advertised rental of $892.5 and the average annual increase in value of a median property of 8.15%, investors should hope to achieve an overall return of 2.69%

Over the last year, property investments in Balmain, 2041 have given investors a capital gain of 16.52%. This compares very favourably with the 6.92% for NSW as a whole.

Across a shorter period, Balmain, 2041 has seen a median price increase of 0.24% over the last quarter.

Property buyers and investors in Balmain 2041 should be seeing an average reduction in asking price of around -8.29% . This means that Balmain is holding prices well when compared to other suburbs in NSW.

Balmain, 2041’s gross rental yield is 3.51%

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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
HOUSE UNIT
$1,725,000 $1,030,000
-0.66% 0.24%
4.55% 16.52%
8.15% 6.61%
$893 $695
147 72
2.69% 3.51%
59.01 77.38

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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Recent sales & rentals