Balgownie is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2519). With a population of 5,722, the suburb has an established demographic with a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Balgownie is $1.7 million, having surged 23.7% over the past year. Units have a median price of $1.3 million (+36.2% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 2.6%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Balgownie offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved +23.7% year-on-year.
Balgownie is a mid-sized suburb in New South Wales within the Wollongong local government area (postcode 2519). With a population of 5,722, the suburb has an established demographic with a median age of 42. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Balgownie is $1.7 million, having surged 23.7% over the past year. Units have a median price of $1.3 million (+36.2% YoY). The current median weekly rent is $842. This gives a gross rental yield of approximately 2.6%. 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 3,519 incidents per 100,000 population.
From an investment perspective, Balgownie offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 16.8x is considered stretched. House prices have moved +23.7% year-on-year.