Suburb Profile Report for Balgowlah NSW (2093)

Balgowlah House: Median price $2,090,000, Annual capital growth 8.09%, Number of sales 62, Weekly median advertised rent $1,295

Balgowlah Unit: Median price $1,200,000, Annual capital growth 10.43%, Number of sales 142, Weekly median advertised rent $640

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1070th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgowlah, 2093 is in the top 30% with a property value increase of 12.97% recorded in median house prices.

Balgowlah,2093 was ranked 698 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Balgowlah should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $1295 and the average annual increase in value of a median property of 8.09%, investors should hope to achieve an overall return of 3.22%

Over the last year, property investments in Balgowlah, 2093 have given investors a capital gain of 25.00%. This compares very favourably with the 8.01% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Balgowlah comes in at number 31th in NSW.

Balgowlah2093 is located in NSW which offers an average discount of -4.12% to property investors. Balgowlah itself is showing figures that indicate -7.98% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Balgowlah being $1200000 and the advertised rent reaching $640 the gross rental yield for property investors calculates out to be 2.77%

Metrics i HOUSE UNIT
$2,090,000 $1,200,000
5.03% 11.32%
12.97% 25.00%
8.09% 10.43%
$1,295 $640
62 142
3.22% 2.77%
61.18 35.4

Source: CoreLogic

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