Balgowlah Heights (postcode 2093) is a smaller residential area in New South Wales within the Northern Beaches local government area. With a population of 3,546, the suburb has an established family demographic with a median age of 43. Households earn a median income of $244K per year, with an average household size of 3.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
The median house price in Balgowlah Heights is $4.8 million, having climbed sharply by 18.9% over the past year. The current median weekly rent is $910. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $4,878.
Public transport access includes 23 bus stops. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
From an investment perspective, Balgowlah Heights shows a gross rental yield of approximately 1.0%, rated as low yield. Property prices are above the state median ($4.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 19.5x is considered stretched. House prices have moved +18.9% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.