Balmain is a well-established suburb in New South Wales within the Inner West local government area (postcode 2041). With a population of 10,454, the suburb has an established demographic with a median age of 42. Households earn a median income of $158K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balmain is $2.9 million, having declined 3.3% over the past year. Units have a median price of $2.7 million (+89.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,986.
Balmain is served by 4 schools, including 4 primary. The average ICSEA score is 1163, which is well above the national average of 1,000. Public transport access includes 24 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Balmain offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -3.3% year-on-year.
Balmain is a well-established suburb in New South Wales within the Inner West local government area (postcode 2041). With a population of 10,454, the suburb has an established demographic with a median age of 42. Households earn a median income of $158K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Balmain is $2.9 million, having declined 3.3% over the past year. Units have a median price of $2.7 million (+89.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,986.
Balmain is served by 4 schools, including 4 primary. The average ICSEA score is 1163, which is well above the national average of 1,000. Public transport access includes 24 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Balmain offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -3.3% year-on-year.