Suburb Profile Report for Balnarring VIC (3926)

Balnarring House: Median price $676,250, Annual capital growth 8.60%, Number of sales 51, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report

Property value increases in Balnarring have tracked just higher than the VIC average of 8.27% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Balnarring comes in at number 330th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Balnarring itself are offering an average vendor discount of -3.55% to real estate investors.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.60%, investors should hope to achieve an overall return of 3.38%

Metrics i HOUSE UNIT
$676,250 N/A
4.04% N/A
13.46% N/A
8.60% N/A
$440 N/A
51 N/A
3.38% N/A
33.55 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 2526
Median household income ($/weekly) 1183
Median age of persons 43
Median housing loan repayment ($/monthly) 1690
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 346 13.7
    35-44 years 335 13.3
    45-54 years 407 16.1
    55-64 years 395 15.6
    65-74 years 218 8.6
    Others 826 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 1007 54.6
    Not Married 675 36.6
    Defacto Relationship 164 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2010 84.7
    New Zealand 16 0.7
    Papua New Guinea 23 1.0
    United Kingdom 226 9.5
    Other 28 1.2
    Others 70 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1358 60.9
    No Religion 827 37.1
    Buddhism 26 1.2
    Other Religious Groups 12 0.5
    Hinduism 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 9.8
    $600-$799 85 10.7
    $800-$999 92 11.6
    $1,000-$1,249 77 9.7
    $1,500-$1,999 93 11.7
    Others 369 46.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 688 35.2
    Not in the labour force 677 34.7
    Employed, worked part-time 463 23.7
    Employed, away from work 90 4.6
    Unemployed, looking for work 35 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 192 15.5
    Professionals 297 24.0
    Technicians & trades workers 208 16.8
    Clerical & administrative workers 140 11.3
    Labourers 124 10.0
    Others 277 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 46 7.5
    Infants/Primary 224 36.7
    Secondary 186 30.5
    Technical or Further Educational Institution 62 10.2
    University or other Tertiary Institutions 79 13.0
    Others 13 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2276 97.7
    Semi-detached, row or terrace house, townhouse 30 1.3
    Flat, unit or apartment 11 0.5
    Improvised home, tent, sleepers out 9 0.4
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 393 44.2
    Being purchased 382 42.9
    Rented 110 12.4
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals