Balga is a well-established suburb in Western Australia within the Stirling local government area (postcode 6061). With a population of 13,864, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Indian.
The median house price in Balga is $510,000, having surged 29.1% over the past year. Units have a median price of $394,000 (+23% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,482.
Balga is served by 6 schools, including 4 primary, 1 secondary, 1 special. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 70 bus stops.
From an investment perspective, Balga offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($510K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +29.1% year-on-year.
Balga is a well-established suburb in Western Australia within the Stirling local government area (postcode 6061). With a population of 13,864, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $68K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Indian.
The median house price in Balga is $510,000, having surged 29.1% over the past year. Units have a median price of $394,000 (+23% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,482.
Balga is served by 6 schools, including 4 primary, 1 secondary, 1 special. The average ICSEA score is 950, which is around the national average of 1,000. Public transport access includes 70 bus stops.
From an investment perspective, Balga offers a gross rental yield of 6.2%, rated as high yield. Property prices sit below the state median ($510K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +29.1% year-on-year.