Suburb Profile Report for Balgowlah NSW (2093)

Balgowlah House: Median price $1,812,500, Annual capital growth 6.73%, Number of sales 72, Weekly median advertised rent $1,150

Balgowlah Unit: Median price $1,000,000, Annual capital growth 8.18%, Number of sales 132, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

Balgowlah is an average performer in NSW when comparing median price capital growth over the last year. Balgowlah gave property investors a average capital gain figure when compared to the rest of the state, with 5.99%.

Taking the average capital gain, or increase in median house value, Balgowlah,2093 has racked up an average of 5.99% over the period. This ranks it number 667th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Balgowlah 2093 should be seeing an average reduction in asking price of around -8.78% . This means that Balgowlah is holding prices well when compared to other suburbs in NSW.

Balgowlah is 804th on a list of best yielding suburbs for rents in NSW with a 3.30% return

Balgowlah has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.65% to date .

Comparing Balgowlah,2093 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Balgowlah are currently offering property investors an average price cut of -3.18% below the asking price at the moment.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 8.18%.

HOUSE UNIT
$1,812,500 $1,000,000
-2.66% 5.15%
5.99% 17.65%
6.73% 8.18%
$1,150 $600
72 132
3.30% 3.12%
44.89 35.56

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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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