Suburb Profile Report for Balgowlah NSW (2093)

Balgowlah House: Median price $1,897,500, Annual capital growth 7.16%, Number of sales 86, Weekly median advertised rent $1,150

Balgowlah Unit: Median price $942,000, Annual capital growth 6.76%, Number of sales 111, Weekly median advertised rent $620

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

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  • House Report
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Investment property in Balgowlah has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.02%

The five-year average increase in median property values for Balgowlah,2093 has given property investors a potential capital gain of 50.60% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Balgowlah is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 176th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 45.2 days.

Balgowlah is 843th on a list of best yielding suburbs for rents in NSW with a 3.15% return

At number 709th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top half with a property value increase of 7.05% recorded in median house prices.

Balgowlah,2093 has offered an average of 7.05% return per annum in house price rises to property investors over the last three years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.31% offered to property buyers. Sellers in Balgowlah itself are offering an average vendor discount of -3.94% to real estate investors.

Often selling an investment property can take time, and in Balgowlah the average time real estate has been on the market is 34.77 days.

HOUSE UNIT
$1,897,500 $942,000
7.51% 4.09%
24.02% 7.05%
7.16% 6.76%
$1,150 $620
86 111
3.15% 3.42%
45.2 34.77

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : 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