Located in New South Wales within the Wollongong local government area, Balgownie is a mid-sized suburb (postcode 2519). The area has roughly 5,722 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Italian.
Balgownie has a median house price of $1.4 million, which has risen solidly by 7% year-on-year. Units have a median price of $900,000 (-3.7% YoY). The current median weekly rent is $625. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,383.
Balgownie is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 43 bus stops. The crime rate in the Wollongong LGA is below average at 3,563 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.2% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.5x is considered stretched. House prices have moved +7.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.