Suburb Profile Report for Balgownie NSW (2519)

Balgownie House: Median price $830,000, Annual capital growth 7.00%, Number of sales 39, Weekly median advertised rent $490

Balgownie Unit: Median price $620,000, Annual capital growth 6.87%, Number of sales 37, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Balgownie have tracked higher than the NSW average of 6.87% over the last 12 months.

Across a shorter period, Balgownie, 2519 has seen a median price increase of 9.21% over the last quarter.

Sellers are offering property buyers an average discount of -4.26% to buyers in Balgownie at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

With the median price for a house in Balgownie being $830000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.07%

Over the last year, property investments in Balgownie, 2519 have given investors a capital gain of 14.29%. This compares very favourably with the 5.41% for NSW as a whole.

If we look at median property appreciation over just the last three months, Balgownie has given property investors a paper return of 2.48%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in NSW

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 -4.08% is being offered, which puts this NSW suburb at 1072th most discounted overall in Australia.

With the median price for a house in Balgownie being $620000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.69%

HOUSE UNIT
$830,000 $620,000
9.21% 2.48%
13.70% 14.29%
7.00% 6.87%
$490 $440
39 37
3.07% 3.69%
81.75 39.72

Source: CoreLogic

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