Suburb Profile Report for Balmain NSW (2041)

Balmain House: Median price $2,065,000, Annual capital growth 9.51%, Number of sales 131, Weekly median advertised rent $900

Balmain Unit: Median price $1,197,500, Annual capital growth 8.96%, Number of sales 79, Weekly median advertised rent $710

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Balmain, 2041 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.00%.

Over the longer term, Balmain has seen property prices show investors a 52.96% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.76% to buyers in Balmain at the moment, which is less than average for the rest of NSW.

At number 849 in a list of fastest selling suburbs, Balmain is in the TOP 30% of suburbs in Australia with an average of days on market 56.36 for properties listed there.

A $900 per week rent on the median house gives suburb investors a gross yield of circa 2.27%, without taking into account capital value appreciation, which has been averaging out at 9.51%.

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

A 74.82% growth in median value for property investors in Balmain,2041 puts this suburb at number 424th in terms of best performing suburbs in NSW

Balmain, 2041 is offering NSW ‘s 291th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.

With the median price for a house in Balmain being $1197500 and the advertised rent reaching $710 the gross rental yield for property investors calculates out to be 3.08%

Information supplied by:




M
O

W
E
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
$2,065,000 $1,197,500
9.55% -0.21%
18.00% 15.42%
9.51% 8.96%
$900 $710
131 79
2.27% 3.08%
56.36 52.28

Source: CoreLogic

DSR Score for property investment : Above average (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
Chart Table
Recent sales & rentals