Balala is a quiet locality in New South Wales within the Uralla local government area (postcode 2358). With a population of 122, the suburb has an older demographic with a median age of 56. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Balala is $670,000, having dropped significantly 19.3% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.4%. 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 2,592 incidents per 100,000 population.
From an investment perspective, Balala offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($670K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.4x is considered moderate. House prices have moved -19.3% year-on-year.
Balala is a quiet locality in New South Wales within the Uralla local government area (postcode 2358). With a population of 122, the suburb has an older demographic with a median age of 56. Households earn a median income of $72K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Balala is $670,000, having dropped significantly 19.3% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 3.4%. 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 2,592 incidents per 100,000 population.
From an investment perspective, Balala offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($670K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.4x is considered moderate. House prices have moved -19.3% year-on-year.