Suburb Profile Report for Balgowlah NSW (2093)

Balgowlah House: Median price $1,530,000, Annual capital growth 5.56%, Number of sales 97, Weekly median advertised rent $1,100

Balgowlah Unit: Median price $850,000, Annual capital growth 5.39%, Number of sales 129, Weekly median advertised rent $578

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

Giving property investors a a solid capital gain of 15.69% for the last year, Balgowlah, 2093 is the 662th highest performer in Australia in this respect.

Over the longer term, Balgowlah has seen property prices show investors a 29.66% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -6.47% to buyers in Balgowlah at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $1100 mark per week – giving a return of 3.74% based on the median price in Suburb

If you compare the increase in value of investment property in Balgowlah, 2093 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 30.57%.

Balgowlah,2093 has offered an average of 30.57% return per annum in house price rises to property investors over the last three years.

Balgowlah2093 is located in NSW which offers an average discount of -4.02% to property investors. Balgowlah itself is showing figures that indicate -2.09% is the average achievable by property buyers investing in the suburb.

HOUSE UNIT
$1,530,000 $850,000
4.08% 2.41%
15.69% 30.57%
29.66% 38.83%
30.77% 41.90%
5.56% 5.39%
$1,100 $578
97 129
3.74% 3.53%
59.53 20.93
Source: RP Data
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Demographics
Total population 7494
Median household income ($/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