Balranald is a small community in New South Wales within the Balranald local government area (postcode 2715). With a population of 1,240, the suburb has a mature demographic with a median age of 47. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Balranald is $305,000, having dropped significantly 20.8% over the past year. The current median weekly rent is $352. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $893.
Balranald is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Balranald LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Balranald offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($305K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -20.8% year-on-year.
Balranald is a small community in New South Wales within the Balranald local government area (postcode 2715). With a population of 1,240, the suburb has a mature demographic with a median age of 47. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Balranald is $305,000, having dropped significantly 20.8% over the past year. The current median weekly rent is $352. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $893.
Balranald is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 884, which is well below the national average of 1,000. Public transport access includes 35 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Balranald LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Balranald offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($305K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -20.8% year-on-year.