Balmain East (postcode 2041) is a small community in New South Wales within the Inner West local government area. With a population of 1,900, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $157K per year, with an average household size of 2.2 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, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
Median house prices in Balmain East stand at $3.9 million, having climbed sharply by 37.4% over the last twelve months. Units have a median price of $1.9 million (+0.5% YoY). The current median weekly rent is $1125. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $4,333.
Balmain East is served by 1 school, including 1 primary. The average ICSEA score is 1151, which is well above the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Inner West LGA is below average at 2,883 incidents per 100,000 population.
From an investment perspective, Balmain East shows a gross rental yield of approximately 1.5%, rated as low yield. Property prices are above the state median ($3.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.7x is considered stretched. House prices have moved +37.4% 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.