Balcatta

POSTAL CODE: WA, 6021

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 58.4% capital gain.

It 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 $933,000

The augmented property values in the suburb are trailing above the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $730.

Home owners selling their properties and realtors in BALCATTA usually have to wait an average of 21.1 days days before their assets are lifted off the market.

The WA suburb ranks 256th on the list of best yielding suburbs for rental properties in WA, posting a 4.07% return.

It also places places 55th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 12.87% over the last 12 months in BALCATTA, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that BALCATTA, 6021 obtained a 6.39% growth over a ten-year period. It ranks 636th on our list of suburbs that property investors should look into.

BALCATTA, 6021 has a capital gain of 12.87% for the past year, which is lower than average compared to its 105.59% growth within a five-year period.

With the median home price in BALCATTA sitting at $708,250, and the average rent at $660, property owners could potentially earn a 4.85% increase in gross rental yield.

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

BALCATTA, 6021 in WA belongs to the local government area of Stirling.

Surburb overview

Balcatta is a well-established and diverse suburb approximately 10 kilometres north of the Perth central business district (CBD). The suburb offers a blend of residential, industrial, and commercial areas, making it a practical and vibrant place to live.

Balcatta has a population of around 10,000 residents. Its housing stock is diverse, featuring a mix of older, post-war homes, modern townhouses, and newly developed properties. Many of the older homes have been renovated, and there has been significant development in recent years, particularly with new duplexes and units.

Public transportation in Balcatta is convenient. Several Transperth bus routes run through the suburb, connecting residents to the Perth CBD and surrounding areas. The nearby Stirling and Glendalough train stations on the Joondalup Line provide additional transport options, making commuting easy. Balcatta is also well-connected by major roads such as Mitchell Freeway, Wanneroo Road, and Reid Highway, providing quick access to the city and northern suburbs.

Balcatta is known for its strong commercial presence, with several industrial and business precincts within the suburb. This includes a variety of warehouses, retail outlets, and offices, making the area a significant employment hub. The suburb’s commercial activity attracts various businesses, contributing to its economic vitality and providing residents with easy access to local employment opportunities.

Balcatta offers several local centres, including Northlands Shopping Centre and nearby Stirling Central Shopping Centre, which provide supermarkets, specialty stores, cafes, and essential services such as medical centres and pharmacies. Residents also benefit from proximity to more prominent retail destinations such as Karrinyup Shopping Centre and Westfield Innaloo.

Jones Paskin Reserve and Conway Reserve are popular local parks, offering playgrounds, sports fields, and green spaces for families and outdoor enthusiasts. Nearby Lake Gwelup and Stirling Civic Gardens provide additional recreational opportunities, with walking and cycling paths, picnic areas, and natural scenery.

The suburb’s multicultural community is reflected in its local restaurants, shops, and community events, contributing to the vibrant cultural atmosphere in Balcatta. Various international eateries throughout the suburb offer diverse cuisines, including Italian, Greek, and Asian food.

Families in Balcatta benefit from access to several quality educational facilities, like Balcatta Primary School and Balcatta Senior High School, which are well-regarded within the local community. The area is also close to several private schools, including St Lawrence Primary School and Servite College, providing further educational options for families.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$933,000	$708,250
Growth Report
Median Quarterly	9.76%	6.18%
Median 12 month	19.62%	12.87%
Median 3 years	58.4%	64.71%
Median 5 years	94.38%	105.59%
10 years average annual	6.03%	6.39%
Weekly media advert. rent	$730	$660
Time on Market	21.1 days	13.5 days
Gross Rental Yield Percent	4.07%	4.85%

Demographics (Median Values)*

Total Population 20058

Weekly Household Income 1570

Household Size 2.50

Average Age 39

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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