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Balga

Suburb Profile

Balga - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6061

house
unit

BALGA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling BALGA, 6061 values up and netting property investors a capital gain of 0.67% for the past year.

Investors saw the median home price rise to $300,000.

Profits due to an downward trend in home prices in the suburb averaged -3.92% per annum over a 3-year period.

BALGA now ranks at the 268th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $300 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BALGA, homes and units usually stay on listing for an average of 76.0 days.

In 2016, 194 properties were sold in BALGA during the past year, making it the 298th most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $300,000 $225,000
GROWTH REPORT
Median Quarterly 0.84% 5.39%
Median 12 month 0.67% N/A
Median 3 years -11.76% -16.67%
Median 5 years -25% -30.98%
10 years average annual -1.75% -2.1%
Weekly media advert. rent $300 $285
Time on Market 76.0 days 73.6 days
Gross Rental Yield Percent 5.2% 6.59%
demographics (median values)
Total Population
8492
Weekly Household Income
644.9
Household Size
2.40
demographics
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