Balga (postcode 6061) is a well-established suburb in Western Australia within the Stirling local government area. With a population of 13,864, the suburb has a mix of families and early-career residents with a median age of 32. Households earn a median income of $68K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Indian.
Balga has a median house price of $510,000, which has risen steeply by 29.1% year-on-year. Units have a median price of $394,000 (+23% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 6.9%. 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 shows a gross rental yield of approximately 6.9%, rated as high yield. Property prices sit below the state median ($510K/$951K), which can point to relative value. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +29.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.