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Balmoral, NSW 2283

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Balmoral, NSW 2283 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Balmoral, NSW 2283”

  1. The total adult population (15 years or older) of Balmoral 2283 NSW is 609, with a median age of 45. Of those, 57.14% are married, 10.67% are divorced or separated, 30.21% are single and 3.61% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,332. The median monthly mortgage repayment for households in this suburb is $1,950 which is 23.40% of their earnings.

    Source: ABS Census Data (2021)

  2. The quaint suburb of Balmoral, with the postcode of 2283, is situated in NSW and has around 304 households, illustrating the intimate nature of this community. By Q3 of 2023, the normative property prices in Balmoral for houses stands impressively at $769,291. Rentals for these properties fetch an attractive median weekly rent of $570, consequently offering property investors an indicative yield of 3.85%.

    Balmoral showcases a promising socio-economic milieu with an IRSAD score of 1023 out of 1217. The setting depicts substantial economic resources, elevated income brackets and a considerable presence of professionals. Adding to the allure of Balmoral is the renter to owner ratio of just 16%, conveying a property market that is primarily composed of homeowners as opposed to renters. This signifies a stable residential community, urging a lesser risk for property owners when demand wanes.

    Among the properties available in Balmoral, there are essentially no units, with the ratio of units to houses at a mere 0%. This indicates a diverse property market teeming with houses, which often lure longer-term tenants, more committed to the locale they inhabit.

    However, on the affordability gauge, prospective homeowners in Balmoral may be slightly deterred by the index of 37 years. Although this index is determined by factors including median family earnings, current interest rates and typical property prices, it nonetheless indicates a less affordable property climate.

    In regard to the supply dynamics, Balmoral presents a favourable scenario with a stock on market Percentage of 0.33%. This points to a relatively low stock level, providing favourable conditions for sellers. The inventory level of 2.4 months further corroborates this image of a well-poised market that strikes a balance in supply and demand.

    The Building Approval Ratio for houses is at 0.0%, reflecting a static market, with no imminent upsurge in property supply expected. The lucrative Average days on market for houses hovers at 26 days exhibiting a rather strenuous demand for properties.

    However, the combined vacancy rate for houses and units is slated at 4.08% which marginally veers into the zone of low demand. The buy search index for Balmoral houses is at a moderate 3, poised on the lower edge of the demand spectrum.

    In conclusion, while the suburb of Balmoral 2283 offers favourable conditions in certain aspects such as yield, socio-economic score and a balanced inventory, areas including affordability and demand need careful scrutiny. Proper interpretation and understanding of these metrics is vital in making informed property investment decisions. Utilise the HtAG Analytics’ RCS method to further decipher property market prospects.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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