Suburb Profile Report for Balnarring VIC (3926)

Balnarring House: Median price $613,250, Annual capital growth 7.89%, Number of sales 40, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.13% which means that Balnarring, 3926 has done well for property investors by showing a capital gain of 13.83% over the last year

Across a shorter period, Balnarring, 3926 has seen a median price increase of 3.07% over the last quarter.

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 Balnarring, 3926. Typically our figures indicate that -5.00% is being offered, which puts this VIC suburb at 2549th most discounted overall in Australia.

Residents and property investors in Balnarring have been waiting around 39.56 days to sell a property.

Situated 63.36km from the CBD, Balnarring is one of Mornington Peninsula localities in the postcode 3926.

HOUSE UNIT
$613,250 N/A
3.07% N/A
13.83% N/A
7.89% N/A
$410 N/A
40 N/A
3.48% N/A
39.56 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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