Balaclava is a small locality in New South Wales within the Wingecarribee local government area (postcode 2575). The area has roughly 574 residents and an established demographic, with a median age of 40. Households earn a median income of $105K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Balaclava has a median house price of $1.1 million, which has surged by 31.3% year-on-year. Units have a median price of $332,000. The current median weekly rent is $780. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,000.
Public transport access includes 1 rail station, 9 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.9x is considered stretched. House prices have moved +31.3% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.