Suburb Profile Report for Balcolyn NSW (2264)

Balcolyn House: Median price $560,000, Annual capital growth 5.70%, Number of sales 16, Weekly median advertised rent $425

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Balcolyn, 2264 ranked 663th in NSW when comparing growth in median property values or capital gain over the last 12 months. Balcolyn is one of 3163 in our list for NSW

The five-year average increase in median property values for Balcolyn,2264 has given property investors a potential capital gain of 44.52% across each of those five years.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

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Balcolyn, NSW – Lively growth in Lake Macquarie

Postcode: 2264

Median house price: $622,500

Three-year growth: 38.6%

Rental yield: 3.6%

Located in Lake Macquarie City, the suburb of Balcolyn was developed all the way back when the casuarina trees along the waterfront attracted the timber industry to the area. The suburb has recorded significant growth in recent years.

Being surrounded by the waters of Lake Macquarie, Balcolyn offers facilities for water activities, including a jetty for sailing, fishing, canoeing and paddle boating.

The proximity to the lake also gives residents access to attractions like Pulbah Island, which is considered a sacred site for the Awabakal people and is managed by the NSW National Parks & Wildlife Service. The island has excellent views of the Wangi Wangi Peninsula as well.

Metrics i HOUSE UNIT
$560,000 N/A
0.00% N/A
-1.06% N/A
5.70% N/A
$425 N/A
16 N/A
3.95% N/A
100.916666666667 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 818
Median household income ($/weekly) 970
Median age of persons 42
Median housing loan repayment ($/monthly) 1820
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 126 15.4
    25-34 years 91 11.1
    35-44 years 103 12.6
    45-54 years 100 12.2
    55-64 years 111 13.6
    Others 287 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 332 56.4
    Not Married 203 34.5
    Defacto Relationship 54 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 712 90.4
    New Zealand 6 0.8
    Papua New Guinea 5 0.6
    United Kingdom 23 2.9
    Other 24 3.0
    Others 18 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 540 73.0
    No Religion 190 25.7
    Buddhism 7 0.9
    Other Religious Groups 3 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 42 15.2
    $600-$799 31 11.2
    $800-$999 35 12.7
    $1,500-$1,999 28 10.1
    $2,000-$2,499 33 12.0
    Others 107 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 274 44.8
    Employed, worked full-time 180 29.4
    Employed, worked part-time 107 17.5
    Unemployed, looking for work 28 4.6
    Employed, away from work 23 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 65 21.2
    Technicians & trades workers 48 15.6
    Community & personal service workers 32 10.4
    Clerical & administrative workers 48 15.6
    Sales 32 10.4
    Others 82 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 22 11.3
    Infants/Primary 77 39.5
    Secondary 52 26.7
    Technical or Further Educational Institution 20 10.3
    University or other Tertiary Institutions 20 10.3
    Others 4 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 761 98.8
    Semi-detached, row or terrace house, townhouse 9 1.2
    Flat, unit or apartment 0 0.0
    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 132 44.6
    Being purchased 112 37.8
    Rented 52 17.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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