Suburb Profile Report for Balga WA (6061)

Balga House: Median price $310,000, Annual capital growth -0.22%, Number of sales 173, Weekly median advertised rent $300

Balga Unit: Median price $228,000, Annual capital growth -0.61%, Number of sales 20, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property investors who have had real estate in Balga, 6061 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.07%

A -20.18% growth in median value for property investors in Balga,6061 puts this suburb at number 276th in terms of best performing suburbs in WA

Balga, 6061 is offering WA ‘s 145th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this WA.

Renters in Suburb are facing rents around $15600 per annum or $300 every week.

Balga is in the bottom 30% in WA when comparing median price capital growth over the last year. Balga gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.81%.

Taking the average capital gain, or increase in median house value, Balga,6061 has racked up an average of -14.81% over the period. This ranks it number 1616th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Balga are currently offering property investors an average price cut of -6.47% below the asking price at the moment.

Balga is 11th on a list of best yielding suburbs for rents in WA with a 6.78% return

Barry Richards Information supplied by:

Barry Richards
Roy Weston Real Estate

M (08) 9477 4444
O 0431 000 501

W http://www.roywestonrealestate.com.au/
E Richards@iinet.com.au
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.Full summary
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..
Close
Metrics i HOUSE UNIT
$310,000 $228,000
-0.96% -3.49%
-6.63% -15.56%
-0.22% -0.61%
$300 $300
173 20
5.03% 6.84%
110.441864 90.8

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
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
    Occupation
    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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