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Balgowlah

POSTAL CODE: NSW, 2093
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Property investors enjoyed capital gains of 5.22% over the last 12 months in BALGOWLAH, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in BALGOWLAH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 5.62% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $1262.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $1262.5 mark, reflecting a 1.86% increase in returns based on the current median price in BALGOWLAH.

BALGOWLAH, 2093 ranks 46th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 832nd on the list of best yielding suburbs for rental properties in NSW, posting a 1.86% return.

Surburb overview

Balgowlah is a suburb within the Northern Beaches Council jurisdiction, located approximately 12 kilometres northeast of Sydney's central business district. The name "Balgowlah" is derived from an Aboriginal term meaning "north harbour," reflecting its position relative to Port Jackson.

As of the 2016 census, Balgowlah had a population of 8,068 residents. The median age was 40 years, with a significant proportion of professionals and managers in the workforce. Approximately 65.2% of residents were born in Australia, with notable communities from England (9.6%) and New Zealand (2.7%). English was the predominant language spoken at home, accounting for 83.3% of households.

Bus routes along Sydney Road and Condamine Street serve Balgowlah's public transportation. These routes connect residents to the Sydney CBD, Manly, and surrounding suburbs. The Hop-Skip-Jump free bus service, operated by the Northern Beaches Council, also includes Balgowlah as one of its destinations, enhancing local connectivity.

The suburb's main commercial area is located along Condamine Street and Sydney Road, featuring a variety of shops, restaurants, and cafes. Stockland Balgowlah, a shopping centre on Condamine Street, houses major retailers such as Coles and Fitness First and numerous specialty stores. It opened on 15 July 2009, replacing the historic Totem Centre, a local landmark since 1959.

Residents can access the North Harbour Reserve on Condamine Street for recreational activities. This popular spot for picnics and outdoor gatherings is part of a scenic walkway that extends from Manly through Fairlight, Balgowlah, Balgowlah Heights, and Clontarf to The Spit. The walkway offers picturesque views of the harbour.

In the property market, the median price for houses in Balgowlah is approximately $3,330,000, with an annual capital growth of 0.15%. Rental yields for houses are around 2.62%, with a median rent of $1,395 per week. The suburb has seen 70 house sales in the past 12 months, with properties typically spending an average of 27 days on the market.

Educational institutions in the area include St. Cecilia's Primary School and the Northern Beaches Secondary College Balgowlah Boys Campus, which cater to the community's academic needs.

Balgowlah offers a blend of residential charm, commercial convenience, and recreational opportunities, making it a desirable suburb within Sydney's Northern Beaches region. 

 

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