Balala is a sparsely populated locality in New South Wales within the Uralla local government area (postcode 2358). The area has roughly 122 residents and a predominantly older resident base, with a median age of 56. Households earn a median income of $72K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Scottish.
Median house prices in Balala stand at $445,000, having declined steeply by 11.9% over the last twelve months. The current median weekly rent is $452. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,300.
Public transport access includes 4 bus stops. The crime rate in the Uralla LGA is below average at 2,613 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.3% (high yield). Property prices sit below the state median ($445K/$1.5M), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -11.9% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.