Suburb Profile Report for Balgownie NSW (2519)

Balgownie House: Median price $875,000, Annual capital growth 7.39%, Number of sales 51, Weekly median advertised rent $480

Balgownie Unit: Median price $620,000, Annual capital growth 6.59%, Number of sales 37, Weekly median advertised rent $458

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Balgownie is in the TOP 20% in NSW when comparing median price capital growth over the last year. Balgownie gave property investors a very good capital gain figure when compared to the rest of the state, with 18.48%.

Balgownie,2519 has offered an average of 18.48% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Balgownie is giving property investors an average Vendor Discount of around -3.72%. This puts suburb at number 979th in NSW when ranking the most discounted suburbs.

NSW has seen average median house prices change by 6.22% which means that Balgownie, 2519 has done well for property investors by showing a capital gain of 13.24% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Balgownie comes in at number 143th in NSW.

Vendor discounting in Balgownie is giving property investors an average Vendor Discount of around -3.84%. This puts suburb at number 255th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Balgownie the average time real estate has been on the market is 40.21 days.

The NSW suburb of Balgownie, 2519 is in the Wollongong local government area.

Information supplied by:


March 2017

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Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.Full summary

Transformation of Wollongong suburb heralds growth

Median house price: $802,500

Three-year growth: 40.79%

Rental yield: 3.18%

Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.

Over the December 2016 quarter, Balgownie recorded a remarkably significant price increase of 12.5%, continuing a trend observed for the past five years. Even with this hike, vendors are able to sell houses at a low discount rate of just 4.7%.

One factor could be Balgownie’s proximity to the CBD. It is also bordered by Fairy Meadow, a light industrial and commercial area. Thus, Balgownie is highly convenient for professionals and provides easy access to amenities, since bus services can take commuters into town. The suburb offers homes for residents in various socioeconomic conditions, with public housing in the eastern side, townhouses, villas and mansions. There are also fine dining establishments, cafes and pubs in Ba

Close
Metrics i HOUSE UNIT
$875,000 $620,000
5.42% N/A
18.48% 13.24%
7.39% 6.59%
$480 $458
51 37
2.85% 3.84%
97.16 40.21

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Balgownie NSW
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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