Suburb Profile Report for Balgownie NSW (2519)

Balgownie House: Median price $825,000, Annual capital growth 7.15%, Number of sales 47, Weekly median advertised rent $490

Balgownie Unit: Median price $620,000, Annual capital growth 6.96%, Number of sales 36, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Balgownie, 2519 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.79%

Over the longer term, Balgownie has seen property prices show investors a 47.19% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balgownie, 2519. Typically our figures indicate that -4.26% is being offered, which puts this NSW suburb at 3065th most discounted overall in Australia.

At number 180th in the list of Australian suburbs ordered by increase in median house value over the last year, Balgownie, 2519 is in the top 20% with a property value increase of 15.89% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balgownie has increased when compared to the 5 year average annual rate.

Property buyers and investors in Balgownie 2519 should be seeing an average reduction in asking price of around -3.90% . This means that Balgownie is holding prices well when compared to other suburbs in NSW.

A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.96%.

HOUSE UNIT
$825,000 $620,000
15.90% 3.33%
13.79% 15.89%
7.15% 6.96%
$490 $440
47 36
3.09% 3.69%
83.59 40.66

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 5447
Median household income ($/weekly) 1308
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 673 12.4
    35-44 years 740 13.6
    45-54 years 788 14.5
    55-64 years 702 12.9
    65-74 years 591 10.9
    Others 1952 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 2368 57.2
    Not Married 1527 36.9
    Defacto Relationship 243 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4081 78.0
    Germany 54 1.0
    Japan 221 4.2
    United Kingdom 257 4.9
    Other 154 2.9
    Others 468 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 1.4
    Christianity 3979 77.7
    Hinduism 42 0.8
    Islam 128 2.5
    No Religion 873 17.0
    Others 30 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 202 11.2
    $600-$799 157 8.7
    $1,500-$1,999 228 12.7
    $2,000-$2,499 168 9.3
    $2,500-$2,999 182 10.1
    Others 864 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1679 39.1
    Employed, worked full-time 1507 35.1
    Employed, worked part-time 817 19.0
    Employed, away from work 151 3.5
    Unemployed, looking for work 143 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 318 12.8
    Professionals 667 26.9
    Technicians & trades workers 391 15.8
    Community & personal service workers 240 9.7
    Clerical & administrative workers 356 14.4
    Others 503 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 125 9.5
    Infants/Primary 442 33.7
    Secondary 365 27.8
    Technical or Further Educational Institution 106 8.1
    University or other Tertiary Institutions 250 19.1
    Others 23 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4180 80.4
    Semi-detached, row or terrace house, townhouse 937 18.0
    Flat, unit or apartment 81 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 921 47.0
    Being purchased 622 31.8
    Rented 409 20.9
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals