Powered by MOMENTUM MEDIA
smart property investment logo
Balmain
AREA REPORTS

Balmain

Balmain - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2041

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 30.37% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,490,000

The augmented property values in the suburb are trailing behind the territorial average of 23.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $850.

Home owners selling their properties and realtors in BALMAIN usually have to wait an average of 51.2 days days before their assets are lifted off the market.

The NSW suburb ranks 1014th on the list of best yielding suburbs for rental properties in NSW, posting a 1.78% return.

It also places places 963rd in Australia based on median property value growth during the quarter.

Data report can be found below

Balmain
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,490,000 $1,262,500
GROWTH REPORT
Median Quarterly 4.14% 2.64%
Median 12 month 22.96% 6.63%
Median 3 years 30.37% 6.09%
Median 5 years 31.05% 3.06%
10 years average annual 9.15% 6.88%
Weekly media advert. rent $850 $640
Time on Market 51.2 days 57.8 days
Gross Rental Yield Percent 1.78% 2.64%
demographics (median values)*
Total Population
15690
Weekly Household Income
2672
Household Size
2.30
Age
41
Monthly Loan Repayment
3033
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.