Suburb Profile Report for Balgownie NSW (2519)

Balgownie House: Median price $795,000, Annual capital growth 6.59%, Number of sales 53, Weekly median advertised rent $520

Balgownie Unit: Median price $722,500, Annual capital growth 7.86%, Number of sales 18, Weekly median advertised rent $480

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property investors who have had real estate in Balgownie, 2519 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.30%

A 39.23% growth in median value for property investors in Balgownie,2519 puts this suburb at number 226th in terms of best performing suburbs in NSW

Balgownie, 2519 is offering NSW ‘s 150th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

At number 1954 in a list of fastest selling suburbs, Balgownie is just in the bottom half of suburbs in Australia with an average of days on market 78.2353 for properties listed there.

Balgownie, 2519’s gross rental yield is 3.40%

Investment property in Balgownie has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.12%

Over the longer term, Balgownie has seen property prices show investors a 21.43% return over the last 3 years. This is worse than over the last 12 months

Balgownie2519 is located in NSW which offers an average discount of -6.91% to property investors. Balgownie itself is showing figures that indicate -5.91% is the average achievable by property buyers investing in the suburb.

Information supplied by:


March 2017

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Transformation of Wollongong suburb heralds growth

Median house price: $802,500

Three-year growth: 40.79%

Rental yield: 3.18%

Roughly 10 minutes from Wollongong, the suburb of Balgownie has undergone considerable development in recent years, making it one of the top growing suburbs in New South Wales.

Over the December 2016 quarter, Balgownie recorded a remarkably significant price increase of 12.5%, continuing a trend observed for the past five years. Even with this hike, vendors are able to sell houses at a low discount rate of just 4.7%.

One factor could be Balgownie’s proximity to the CBD. It is also bordered by Fairy Meadow, a light industrial and commercial area. Thus, Balgownie is highly convenient for professionals and provides easy access to amenities, since bus services can take commuters into town. The suburb offers homes for residents in various socioeconomic conditions, with public housing in the eastern side, townhouses, villas and mansions. There are also fine dining establishments, cafes and pubs in Ba

Metrics i HOUSE UNIT
$795,000 $722,500
1.60% 2.48%
-11.30% 2.12%
6.59% 7.86%
$520 $480
53 18
3.40% 3.45%
78.2352941176471 80.6428571428572

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5447
Median household income ($/weekly) 1308
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 673 12.4
    35-44 years 740 13.6
    45-54 years 788 14.5
    55-64 years 702 12.9
    65-74 years 591 10.9
    Others 1952 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 2368 57.2
    Not Married 1527 36.9
    Defacto Relationship 243 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4081 78.0
    Germany 54 1.0
    Japan 221 4.2
    United Kingdom 257 4.9
    Other 154 2.9
    Others 468 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 71 1.4
    Christianity 3979 77.7
    Hinduism 42 0.8
    Islam 128 2.5
    No Religion 873 17.0
    Others 30 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 202 11.2
    $600-$799 157 8.7
    $1,500-$1,999 228 12.7
    $2,000-$2,499 168 9.3
    $2,500-$2,999 182 10.1
    Others 864 48.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1679 39.1
    Employed, worked full-time 1507 35.1
    Employed, worked part-time 817 19.0
    Employed, away from work 151 3.5
    Unemployed, looking for work 143 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 318 12.8
    Professionals 667 26.9
    Technicians & trades workers 391 15.8
    Community & personal service workers 240 9.7
    Clerical & administrative workers 356 14.4
    Others 503 20.3
    Occupation
    Census Count Percent(%)
    Pre-school 125 9.5
    Infants/Primary 442 33.7
    Secondary 365 27.8
    Technical or Further Educational Institution 106 8.1
    University or other Tertiary Institutions 250 19.1
    Others 23 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4180 80.4
    Semi-detached, row or terrace house, townhouse 937 18.0
    Flat, unit or apartment 81 1.6
    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 921 47.0
    Being purchased 622 31.8
    Rented 409 20.9
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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