Suburb Profile Report for Balga WA (6061)

Balga House: Median price $300,000, Annual capital growth -0.67%, Number of sales 144, Weekly median advertised rent $300

Balga Unit: Median price $218,500, Annual capital growth -0.89%, Number of sales 12, Weekly median advertised rent $285

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

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

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At number 2473th in the list of Australian suburbs ordered by increase in median house value over the last year, Balga, 6061 is in the BOTTOM 40% with a property value increase of -4.15% recorded in median house prices.

Comparing Balga,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Sellers are offering property buyers an average discount of -10.05% to buyers in Balga at the moment, which is less than average for the rest of WA.

At number 2567 in a list of fastest selling suburbs, Balga is in the bottom 30% of suburbs in Australia with an average of days on market 92.8265 for properties listed there.

Situated 10.99km from the CBD, Balga is one of Stirling (C) localities in the postcode 6061.

With a capital gain of -10.45% for the last 12 months, Balga, 6061 has performed for property investments than its average annual -0.89% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balga has fallen somewhat when compared to the 5 year average annual rate.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 6.78%, without taking into account capital value appreciation, which has been averaging out at -0.89%.

Barry Richards Information supplied by:

Barry Richards
Roy Weston Real Estate

M (08) 9477 4444
O 0431 000 501

If you compare the increase in value of investment property in Balga, 6061 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this WA suburb was 7.25%.
The five-year average increase in median property values for Balga,6061 has given property investors a potential capital gain of 1.37% across each of those five years.
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 Balga, 6061. Typically our figures indicate that -7.50% is being offered, which puts this WA suburb at 2510th most discounted overall in Australia.
Situated 10.20km from the CBD, Balga is one of Stirling localities in the postcode 6061
Most sought-after properties :  The most recent median house price for Balga is $425,000 to the $499,000 price. 
Most common properties: Balga is undergoing re-zoning at present most common are 3x1 – 3x2s mostly for younger couples. Small families 
Local industry and business: Balga has high school and primary schools, Shopping plaza off Balga Ave, is close to industrial areas Balcatta.
Best streets: The most popular streets in Balga are Kilmurray Way, Balga and Modena Place, Balga. Both streets have a 4 ½ star rating, Very quite and well maintained.
Public transport: The suburb is served by a number of Transperth bus routes operated by Path Transit. The 372 (Mirrabooka-Marangaroo) covers Marangaroo Drive and inner portions of the Suburb, the 346 (Perth–Wanneroo) covers Wanneroo Road, and the 363, 373 and 374 (Perth–Marangaroo) routes along with various routes from Mirrabooka bus station cover other parts of the suburb.
Main arteries: Balga is 13 kilometres north of Perth, and is bounded by Wanneroo Road to the west, Reid Highway to the south, Mirrabooka Avenue to the east and Beach Road to the north..
Metrics i HOUSE UNIT
$300,000 $218,500
-1.64% -4.17%
-4.15% -10.45%
-0.67% -0.89%
$300 $285
144 12
5.20% 6.78%
92.8265306122449 N/A

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

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Balga WA
Total population 10701
Median household income ($/weekly) 934
Median age of persons 31
Median housing loan repayment ($/monthly) 1700
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1409 13.2
    20-24 years 963 9.0
    25-34 years 1962 18.3
    35-44 years 1411 13.2
    45-54 years 1133 10.6
    Others 3825 35.7
    Age Group
    Census Count Percent(%)
    Not Married 3817 51.7
    Registered Married 2738 37.1
    Defacto Relationship 821 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 5259 55.6
    Indonesia 249 2.6
    Papua New Guinea 318 3.4
    United Kingdom 588 6.2
    Other 1637 17.3
    Others 1415 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 284 3.1
    Christianity 5875 63.7
    Hinduism 152 1.6
    Islam 606 6.6
    No Religion 2183 23.7
    Others 121 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 415 12.1
    $600-$799 382 11.2
    $800-$999 388 11.3
    $1,000-$1,249 368 10.7
    $1,500-$1,999 403 11.8
    Others 1468 42.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2957 39.7
    Employed, worked full-time 2634 35.4
    Employed, worked part-time 1188 16.0
    Unemployed, looking for work 380 5.1
    Employed, away from work 284 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 715 17.4
    Community & personal service workers 496 12.1
    Clerical & administrative workers 525 12.8
    Machinery operators & drivers 474 11.5
    Labourers 708 17.2
    Others 1189 29.0
    Census Count Percent(%)
    Infants/Primary 802 34.4
    Secondary 526 22.6
    Technical or Further Educational Institution 409 17.6
    University or other Tertiary Institutions 303 13.0
    Other type of educational institution 150 6.4
    Others 140 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7280 75.3
    Semi-detached, row or terrace house, townhouse 1778 18.4
    Flat, unit or apartment 609 6.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1788 47.9
    Being purchased 1175 31.5
    Fully owned 744 19.9
    Other tenure type 27 0.7
    Tenure Type
Census 2011, ABS
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