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Balga

POSTAL CODE: WA, 6061
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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 17.55% for the past year.

Investors saw the median home price rise to $720,000.

Profits due to an upward trend in home prices in the suburb averaged 30.16% per annum over a 3-year period.

BALGA now ranks at the 215th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $675 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 22.5 days.

In 2016, 291 properties were sold in BALGA during the past year, making it the 249th most active market in WA based on total real estate transactions.

Surburb overview

Balga, situated approximately 13 kilometres north of Perth's central business district, is a suburb within the City of Stirling. The name "Balga," adopted in 1954, derives from the Noongar word for the indigenous grass tree ‘Xanthorrhoea preissii’. 

As of the 2021 census, Balga had a population of 13,864, with a median age of 32. The suburb is characterised by a multicultural community, with a significant proportion of residents born overseas. 

Several Transperth bus routes facilitate public transportation in Balga, providing access to Perth's CBD and surrounding areas. Major roads such as Wanneroo Road, Reid Highway, and Mirrabooka Avenue border the suburb, enhancing connectivity. 

Essential amenities in Balga include various shopping centres, healthcare facilities, and educational institutions. The suburb hosts several schools, including Balga Senior High School and Warriapendi Primary School, catering to the local community's academic needs. 

Numerous parks and reserves support recreational activities, with approximately 10.3% of Balga's area dedicated to green spaces. These parks offer facilities for sports and leisure, contributing to the suburb's community-oriented atmosphere. 

Balga's housing predominantly consists of brick and tile dwellings, reflecting its development period. While most residences are detached, there are also grouped dwellings and flats throughout the suburb. 

Balga offers a blend of residential convenience and community amenities, making it a notable suburb within the Perth metropolitan area. 

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