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Balmain East, NSW 2041

Home » NSW Real Estate Data » Inner West Council, NSW » Balmain East, NSW 2041

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 Balmain East, NSW 2041 located in Sydney 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

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Yield 

1BR

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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 “Balmain East, NSW 2041”

  1. The total adult population (15 years or older) of Balmain East 2041 NSW is 1,636, with a median age of 46. Of those, 45.11% are married, 12.71% are divorced or separated, 38.51% are single and 2.93% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $18,564. The median monthly mortgage repayment for households in this suburb is $4,333 which is 23.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Looking into the suburb of Balmain East, located in NSW, this area is home to 1,075 households. In Q3 of 2023, the typical housing prices in Balmain East are standing at a substantial $3,213,692. A median weekly rent of $1,401 establishes an indicative yield of 2.27%, falling just below the 3% benchmark preferred by cashflow-focused investors.

    On evaluating the social-economic conditions, Balmain East exhibits an exemplary IRSAD score of 1,164 out of 1,217, signifying a society well-endowed with economic resources, high income levels, and highly skilled professionals. Although, the renter to owner ratio sits at a higher side with 41% indicating a relatively higher population of renter-occupied households.

    Balmain East presents a positive indicator with a units-to-houses ratio of 36%, ideal for investors eyeing lower competition among landlords for tenants. However, the market experiences a severe blow in affordability, with the ‘years to own’ value coming in at an intimidating 68 years; a testament to the elevated property prices in the area.

    From the supply perspective, Balmain East exhibits highly favourable signs with a minimal 0.17% stock on market percentage indicating a scarce supply. This is beautifully complemented by an impressively low inventory value of 0.8 months supporting the notion of a restrictive supply scenario. Interestingly, no new building approvals have been recorded for houses, which should further lend support to the dwindling supply.

    Demand for housing in Balmain East remains strong with properties spending just 31 days on the market. A vacancy rate of only 1.6% points towards high demand and limited supply. This demand is affirmed by the buy search index for houses at a high of 6, marking strong investor and buyer interest.

    In summary, despite a high renter to owner ratio and high property prices, Balmain East remains an attractive proposition for investors given its socio-economic score, scarcity of supply, high demand and growing interest from buyers. Considering these factors, the RCS developed by HtAG analytics would prove a valuable tool for investors to gain more exhaustive insights to inform their decision-making process.

    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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