Balgowlah Heights is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2093). With a population of 3,546, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balgowlah Heights is $4.6 million, having dropped significantly 8.2% over the past year. Units have a median price of $1.4 million (-34.7% YoY). The current median weekly rent is $900. 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 1,499 incidents per 100,000 population.
From an investment perspective, Balgowlah Heights offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($4.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.9x is considered stretched. House prices have moved -8.2% year-on-year.
Balgowlah Heights is a smaller suburb in New South Wales within the Northern Beaches local government area (postcode 2093). With a population of 3,546, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balgowlah Heights is $4.6 million, having dropped significantly 8.2% over the past year. Units have a median price of $1.4 million (-34.7% YoY). The current median weekly rent is $900. 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 1,499 incidents per 100,000 population.
From an investment perspective, Balgowlah Heights offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($4.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.9x is considered stretched. House prices have moved -8.2% year-on-year.