Balhannah is a small community in South Australia within the Adelaide Hills local government area (postcode 5242). With a population of 1,756, the suburb has an established demographic with a median age of 44. Households earn a median income of $96K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, German.
The median house price in Balhannah is $1.6 million, having surged 83.3% over the past year. The current median weekly rent is $682. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,647.
Public transport access includes 10 bus stops. The crime rate in the Adelaide Hills LGA is below average at 2,050 incidents per 100,000 population.
From an investment perspective, Balhannah offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 16.1x is considered stretched. House prices have moved +83.3% year-on-year.
Balhannah is a small community in South Australia within the Adelaide Hills local government area (postcode 5242). With a population of 1,756, the suburb has an established demographic with a median age of 44. Households earn a median income of $96K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, German.
The median house price in Balhannah is $1.6 million, having surged 83.3% over the past year. The current median weekly rent is $682. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,647.
Public transport access includes 10 bus stops. The crime rate in the Adelaide Hills LGA is below average at 2,050 incidents per 100,000 population.
From an investment perspective, Balhannah offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 16.1x is considered stretched. House prices have moved +83.3% year-on-year.