Suburb Profile Report for Balgowlah NSW (2093)

Balgowlah House: Median price $1,470,000, Annual capital growth 5.15%, Number of sales 92, Weekly median advertised rent $1,100

Balgowlah Unit: Median price $825,000, Annual capital growth 6.42%, Number of sales 142, Weekly median advertised rent $570

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales
DSR Score for property investment : GOOD (U), ABOVE AVERAGE (H)
  • House Report
  • Unit Report

Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 15.75%. This compares favourably with the 10.05% for NSW as a whole.

Across a shorter period, Balgowlah, 2093 has seen a median price increase of 2.44% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.48% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -5.56% to real estate investors.

Residents and property investors in Balgowlah have been waiting around 57.86 days to sell a property.

Renters in Suburb are facing rents around $13200 per annum or $1100 every week.

With a capital gain of 26.53% for the last 12 months, Balgowlah, 2093 has performed for property investments than its average annual 6.42% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Balgowlah has given property investors a paper return of 5.43%. This puts Suburb as 93 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -1.50% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Balgowlah have been waiting around 20.19 days to sell a property.

Property investors should expect to get $570 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,470,000 $825,000
2.44% 5.43%
15.75% 26.53%
24.84% 32.80%
26.72% 48.65%
5.15% 6.42%
$1,100 $570
92 142
3.89% 3.59%
57.86 20.19
Source: RP Data
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Demographics
Total population 7494
Median household income ($/weekly) 1912
Median age of persons 37
Median housing loan repayment ($/monthly) 2836
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 948 12.6
    25-34 years 1039 13.9
    35-44 years 1382 18.4
    45-54 years 1005 13.4
    55-64 years 752 10.0
    Others 2369 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 2773 51.5
    Not Married 1962 36.4
    Defacto Relationship 654 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4928 69.4
    Papua New Guinea 227 3.2
    South Africa 138 1.9
    United Kingdom 759 10.7
    Other 358 5.0
    Others 690 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 1.8
    Christianity 4631 67.7
    Hinduism 49 0.7
    Islam 33 0.5
    No Religion 1952 28.5
    Others 49 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 211 8.0
    $1,500-$1,999 316 12.0
    $2,000-$2,499 218 8.3
    $2,500-$2,999 438 16.7
    $4,000 or more 257 9.8
    Others 1187 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2427 43.6
    Not in the labour force 1606 28.9
    Employed, worked part-time 1195 21.5
    Employed, away from work 202 3.6
    Unemployed, looking for work 135 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 745 19.5
    Professionals 1276 33.4
    Community & personal service workers 329 8.6
    Clerical & administrative workers 549 14.4
    Sales 352 9.2
    Others 570 14.9
    Occupation
    Census Count Percent(%)
    Pre-school 220 12.1
    Infants/Primary 633 34.9
    Secondary 393 21.7
    Technical or Further Educational Institution 154 8.5
    University or other Tertiary Institutions 348 19.2
    Others 64 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3201 45.7
    Flat, unit or apartment 2553 36.5
    Semi-detached, row or terrace house, townhouse 1224 17.5
    House or flat attached to a shop, office 23 0.3
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 981 34.7
    Fully owned 944 33.4
    Rented 896 31.7
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals