Suburb Profile Report for Balmain NSW (2041)

Balmain House: Median price $1,900,000, Annual capital growth 8.71%, Number of sales 144, Weekly median advertised rent $900

Balmain Unit: Median price $1,100,000, Annual capital growth 7.66%, Number of sales 82, Weekly median advertised rent $700

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 3.26% for the last 12 months, Balmain, 2041 has performed for property investments than its average annual 8.71% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balmain has increased when compared to the 5 year average annual rate.

Balmain, 2041 is offering NSW ‘s 238th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

On average over the past year, suburb has had 12.00 sales per month, which equates to 144 per year.

Using the current median advertised rental of $900 and the average annual increase in value of a median property of 8.71%, investors should hope to achieve an overall return of 2.46%

Balmain is an average performer in NSW when comparing median price capital growth over the last year. Balmain gave property investors a average capital gain figure when compared to the rest of the state, with 7.11%.

If we look at median property appreciation over just the last three months, Balmain has given property investors a paper return of -8.14%. This puts Suburb as 536 on a list of fastest fasting appreciating suburbs in NSW

Balmain2041 is located in NSW which offers an average discount of -4.41% to property investors. Balmain itself is showing figures that indicate -7.13% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $8400 per annum or $700 every week.

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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
$1,900,000 $1,100,000
5.41% -8.14%
3.26% 7.11%
8.71% 7.66%
$900 $700
144 82
2.46% 3.31%
56.54 58.82

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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
Chart Table
Recent sales & rentals