Balcolyn

POSTAL CODE: NSW, 2264
HOUSE

Property investors have seen a 8.54% gain in BALCOLYN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BALCOLYN, 2264 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.38%.

Based on its average 5-year and quarterly capital gains BALCOLYN, 2264 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $890,000

Profits averaged 0.67% per annum over a 3-year period, due to an upward trend in home prices in BALCOLYN, 2264.

This means, real estate investors could earn a rental income of $625 based on current median home prices for the suburb.

The gross rental yield in BALCOLYN, 2264 is 3.65%.

An average of 2.17 real estate transactions take place per month in BALCOLYN which translates to 26 per annum.

Surburb overview

Balcolyn is a suburb in the City of Lake Macquarie local government area, on the western shore of Lake Macquarie in New South Wales. It lies east-northeast of the town of Morisset and forms part of the peninsula region that projects into the lake.

According to the 2021 Census, Balcolyn recorded a population of 1,002 residents. The average age in the suburb is around 41-47 years, depending on the source. The most common household composition is couples without children, and the majority of dwellings are separate houses.

Private vehicle use is dominant, with about 90% of employed residents travelling by car. Public transport options include local bus routes (such as route 278) serving Balcolyn, though commuting to larger urban centres will typically require a transfer, and driver access remains most common.

Essential services and nearby amenities include offerings from the broader Lake Macquarie district, with schools, retail, and health services located in Morisset or other nearby suburbs. 

Recreationally, the lakeside setting provides access to water-based activities and generous parkland. The suburb is mainly classified as Environmental Living, with much of the area dedicated to low-density residential use.

The median sale price for houses in recent years has been around $730,000 (with some sources citing higher), and growth trends have been moderate. Home ownership is strong, with over 77% of homes owned by their occupants, according to recent figures.

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