Ballalaba is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 29, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Ballalaba is $3.8 million, having surged 52% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $2,500.
Public transport access includes 4 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Ballalaba offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 65.0x is considered stretched. House prices have moved +52.0% year-on-year.
Ballalaba is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 29, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Ballalaba is $3.8 million, having surged 52% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $2,500.
Public transport access includes 4 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Ballalaba offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 65.0x is considered stretched. House prices have moved +52.0% year-on-year.