Balcolyn (postcode 2264) is a small community in New South Wales within the Lake Macquarie local government area. It is home to about 1,002 residents, with an established demographic and a median age of 43. Households earn a median income of $79K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Balcolyn stand at $880,000, having climbed sharply by 12.1% over the last twelve months. The current median weekly rent is $672. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,733.
Public transport access includes 7 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,436 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($880K/$1.5M), which can point to relative value. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +12.1% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.