Balnarring is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3926). With a population of 2,371, the suburb has a mature demographic with a median age of 46. Households earn a median income of $100K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Balnarring is $1.3 million, having increased 4.4% over the past year. The median weekly rent is $480 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Balnarring is served by 1 school, including 1 primary. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Balnarring offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +4.4% year-on-year.
Balnarring is a smaller suburb in Victoria within the Mornington Peninsula local government area (postcode 3926). With a population of 2,371, the suburb has a mature demographic with a median age of 46. Households earn a median income of $100K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Balnarring is $1.3 million, having increased 4.4% over the past year. The median weekly rent is $480 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Balnarring is served by 1 school, including 1 primary. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
From an investment perspective, Balnarring offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +4.4% year-on-year.