Suburb Profile Report for Balmain NSW (2041)

Balmain House: Median price $1,800,000, Annual capital growth 7.79%, Number of sales 137, Weekly median advertised rent $900

Balmain Unit: Median price $1,050,000, Annual capital growth 6.98%, Number of sales 74, Weekly median advertised rent $700

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

NSW has seen average median house prices change by 6.87% which means that Balmain, 2041 has done well for property investors by showing a capital gain of 0.00% over the last year

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.

Balmain2041 is located in NSW which offers an average discount of -5.49% to property investors. Balmain itself is showing figures that indicate -8.86% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 11.42 sales per month, which equates to 137 per year.

With the median price for a house in Balmain being $1800000 and the advertised rent reaching $900 the gross rental yield for property investors calculates out to be 2.60%

At number 497th in the list of Australian suburbs ordered by increase in median house value over the last year, Balmain, 2041 is in the top 30% with a property value increase of 7.86% recorded in median house prices.

Across a shorter period, Balmain, 2041 has seen a median price increase of -8.70% over the last quarter.

Sellers are offering property buyers an average discount of -7.13% to buyers in Balmain at the moment, which is less than average for the rest of NSW.

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
HOUSE UNIT
$1,800,000 $1,050,000
2.86% -8.70%
0.00% 7.86%
7.79% 6.98%
$900 $700
137 74
2.60% 3.47%
61.42 57.45

Source: CoreLogic

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