Suburb Profile Report for Balnarring VIC (3926)

Balnarring House: Median price $630,500, Annual capital growth 8.18%, Number of sales 42, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report

With a capital gain of 17.03% for the last 12 months, Balnarring, 3926 has performed for property investments than its average annual 8.18% property growth over the last 5 years.

A 26.73% growth in median value for property investors in Balnarring,3926 puts this suburb at number 65th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -4.91% to buyers in Balnarring at the moment, which is less than average for the rest of VIC.

In the last year 42 properties changed hands in Balnarring, which puts it as the 457th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.18%, investors should hope to achieve an overall return of 3.38%

HOUSE UNIT
$630,500 N/A
5.79% N/A
17.03% N/A
8.18% N/A
$410 N/A
42 N/A
3.38% N/A
38.81 N/A

Source: CoreLogic

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