Balmain East is a small community in New South Wales within the Inner West local government area (postcode 2041). With a population of 1,900, the suburb has a mature demographic with a median age of 46. Households earn a median income of $157K 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 East is $4.0 million, having surged 42.7% over the past year. Units have a median price of $1.6 million (-13.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. 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 2,844 incidents per 100,000 population.
From an investment perspective, Balmain East offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 25.6x is considered stretched. House prices have moved +42.7% year-on-year.
Balmain East is a small community in New South Wales within the Inner West local government area (postcode 2041). With a population of 1,900, the suburb has a mature demographic with a median age of 46. Households earn a median income of $157K 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 East is $4.0 million, having surged 42.7% over the past year. Units have a median price of $1.6 million (-13.5% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.2%. 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 2,844 incidents per 100,000 population.
From an investment perspective, Balmain East offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($4.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 25.6x is considered stretched. House prices have moved +42.7% year-on-year.