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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Balga, the median property price for a house is currently 550,000 with annual capital growth of 37.50 . There were 342 house sales in the past 12 months. On average, houses spend 9 days on market.
If you're thinking about buying an investment property in Balga, consider that rental yields for houses are currently 5.90 with an average median rent of 580 weekly. Houses have seen 10.00 growth in the past quarter, and 37.50 growth in the past 12 months.
The size of Balga is approximately 5.2 square kilometres. It has 38 parks covering nearly 14.5% of total area. The population of Balga in 2011 was 10,701 people. By 2016 the population was 12,698 showing a population growth of 18.7% in the area during that time. The predominant age group in Balga is 20-29 years.
Households in Balga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balga work in a trades occupation. In 2011, 49.5% of the homes in Balga were owner-occupied compared with 50.6% in 2016.
In Balga, the median property price for a unit is currently 515,000 with annual capital growth of 34.82 . There were 145 unit sales in the past 12 months. On average, units spend 7 days on market.
If you're thinking about buying an investment property in Balga, consider that rental yields for units are currently 6.31 with an average median rent of 600 weekly. Units have seen 9.57 growth in the past quarter, and 34.82 growth in the past 12 months.
The size of Balga is approximately 5.2 square kilometres. It has 38 parks covering nearly 14.5% of total area. The population of Balga in 2011 was 10,701 people. By 2016 the population was 12,698 showing a population growth of 18.7% in the area during that time. The predominant age group in Balga is 20-29 years.
Households in Balga are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balga work in a trades occupation. In 2011, 49.5% of the homes in Balga were owner-occupied compared with 50.6% in 2016.
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| Key Market Data | House | Unit |
| Median price | 550,000 | 515,000 |
| Quarterly growth | +10.00 | +9.57 |
| 12-month growth | +37.50 | +34.82 |
| Average annual growth | +12.96 | +11.79 |
| Weekly median rent | 580 | 600 |
| Gross rental yield | 5.90 | 6.31 |
| Number of Sales (12m) | 342 | 145 |
| Avg. Days on Market (12m) | 9 | 7 |
| Key Demographics | 2011 | 2016 |
| Total population | 10,701 | 12,698 |
| Population change (5y) | +26.00 | +18.70 |
| Median household income (p/w) | 935 | 1,158 |
| Household income change (5y) | +44.96 | +23.85 |
| Median age of persons | 32 | 32 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Balga was 12,698 in 2016, a +18.70 change compared to 2011.
The predominant age group in Balga is 20-29 years.
The population of Balga was 12,698 in 2016, a +18.70 change compared to 2011.
The predominant age group in Balga is 20-29 years.
Most of the population in Balga were born in Australia.
Most of the population in Balga were born in Australia.
Most of the population in Balga report their religion as No Religion.
Most of the population in Balga report their religion as Catholic.
Most of the population in Balga report their income range as between 78,000 and 130,000 .
The median household income in Balga was 1,158 in 2016, a +23.85 change compared to 2011.
Most of the population in Balga report their income range as between 31,000 and 52,000 .
The median household income in Balga was 935 in 2011, a +44.96 change compared to 2006.
Most of the population in Balga work as Trades.
Most of the population in Balga work as Trades.
The chart below demonstrates the various levels of education in Balga.
The chart below demonstrates the various levels of education in Balga.
Most of the population in Balga reached a qualification level of Certificate.
Most of the population in Balga reached a qualification level of Certificate.
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