Balgowlah is a mid-sized suburb in New South Wales within the Northern Beaches local government area (postcode 2093). With a population of 8,068, the suburb has an established demographic with a median age of 41. Households earn a median income of $139K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balgowlah is $2.5 million, having dropped significantly 28.7% over the past year. Units have a median price of $1.1 million (-20.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,250.
Balgowlah is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Balgowlah offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.1x is considered stretched. House prices have moved -28.7% year-on-year.
Balgowlah is a mid-sized suburb in New South Wales within the Northern Beaches local government area (postcode 2093). With a population of 8,068, the suburb has an established demographic with a median age of 41. Households earn a median income of $139K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balgowlah is $2.5 million, having dropped significantly 28.7% over the past year. Units have a median price of $1.1 million (-20.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,250.
Balgowlah is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 45 bus stops. The crime rate in the Northern Beaches LGA is low at 1,499 incidents per 100,000 population.
From an investment perspective, Balgowlah offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.1x is considered stretched. House prices have moved -28.7% year-on-year.