Suburb Profile Report for Balaklava SA (5461)

Balaklava House: Median price $194,000, Annual capital growth 3.59%, Number of sales 38, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report

With a capital gain of 1.57% for the last 12 months, Balaklava, 5461 has performed for property investments than its average annual 3.59% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Balaklava comes in at number 304th in SA.

Property buyers and investors in Balaklava 5461 should be seeing an average reduction in asking price of around -6.84% . This means that Balaklava is holding prices well when compared to other suburbs in SA.

At number 3263 in a list of fastest selling suburbs, Balaklava is in the bottom 20% of suburbs in Australia with an average of days on market 125.39 for properties listed there.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 6.16%, without taking into account capital value appreciation, which has been averaging out at 3.59%.

HOUSE UNIT
$194,000 N/A
0.52% N/A
1.57% N/A
3.59% N/A
$230 N/A
38 N/A
6.16% N/A
125.39 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1828
Median household income ($/weekly) 807
Median age of persons 45
Median housing loan repayment ($/monthly) 1040
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 220 12.0
    35-44 years 203 11.1
    45-54 years 199 10.9
    55-64 years 258 14.1
    65-74 years 199 10.9
    Others 749 41.0
    Age Group
    Census Count Percent(%)
    Registered Married 684 51.8
    Not Married 539 40.8
    Defacto Relationship 97 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1601 91.0
    Papua New Guinea 17 1.0
    Philippines 14 0.8
    United Kingdom 80 4.5
    Other 17 1.0
    Others 30 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1246 74.7
    No Religion 412 24.7
    Buddhism 6 0.4
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 87 12.6
    $400-$599 125 18.1
    $600-$799 80 11.6
    $800-$999 68 9.8
    $1,000-$1,249 69 10.0
    Others 262 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 693 47.5
    Employed, worked full-time 417 28.6
    Employed, worked part-time 272 18.6
    Employed, away from work 53 3.6
    Unemployed, looking for work 24 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 101 13.6
    Professionals 87 11.8
    Technicians & trades workers 97 13.1
    Clerical & administrative workers 94 12.7
    Labourers 147 19.9
    Others 214 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 18 5.3
    Infants/Primary 159 46.9
    Secondary 118 34.8
    Technical or Further Educational Institution 18 5.3
    University or other Tertiary Institutions 17 5.0
    Others 9 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1601 96.0
    Semi-detached, row or terrace house, townhouse 47 2.8
    Flat, unit or apartment 9 0.5
    Caravan, cabin, houseboat 7 0.4
    Improvised home, tent, sleepers out 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 303 41.9
    Being purchased 221 30.6
    Rented 182 25.2
    Other tenure type 17 2.4
    Tenure Type
Census 2011, ABS
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