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Balgownie
AREA REPORTS

Balgownie

Balgownie - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2519

house
unit

Based on its average 5-year and quarterly capital gains BALGOWNIE, 2519 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BALGOWNIE, 2519 obtained a 8.51% growth over a ten-year period. It ranks 344th on our list of suburbs that property investors should look into.

BALGOWNIE, 2519 in NSW belongs to the local government area of Wollongong (C).

BALGOWNIE, 2519 has a capital gain of 18.68% for the past year, which is higher than average compared to its 53.19% growth within a five-year period.

With the median home price in BALGOWNIE sitting at $1,080,000, and the average rent at $550, property owners could potentially earn a 2.65% increase in gross rental yield.

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

Data report can be found below

Balgownie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,080,000 $755,000
GROWTH REPORT
Median Quarterly 11.92% 0%
Median 12 month 18.68% 3.42%
Median 3 years 20.5% 3.99%
Median 5 years 53.19% 26.89%
10 years average annual 8.51% 7.07%
Weekly media advert. rent $550 $500
Time on Market 32.6 days 35.3 days
Gross Rental Yield Percent 2.65% 3.44%
demographics (median values)*
Total Population
16929
Weekly Household Income
1348
Household Size
2.50
Age
40
Monthly Loan Repayment
2007
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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