Balcolyn is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 1,002, the suburb has an established demographic with a median age of 43. Households earn a median income of $79K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Balcolyn is $825,000, having declined 5.7% over the past year. Units have a median price of $587,000 (+67.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.1%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Balcolyn offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($825K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -5.7% year-on-year.
Balcolyn is a small community in New South Wales within the Lake Macquarie local government area (postcode 2264). With a population of 1,002, the suburb has an established demographic with a median age of 43. Households earn a median income of $79K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Balcolyn is $825,000, having declined 5.7% over the past year. Units have a median price of $587,000 (+67.7% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.1%. 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 3,396 incidents per 100,000 population.
From an investment perspective, Balcolyn offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($825K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -5.7% year-on-year.