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Balmain, 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, 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Balmain, NSW 2041”

  1. The total adult population (15 years or older) of Balmain 2041 NSW is 8,653, with a median age of 42. Of those, 43.83% are married, 14.10% are divorced or separated, 38.95% are single and 3.14% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $18,248. The median monthly mortgage repayment for households in this suburb is $3,986 which is 21.84% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in New South Wales, the suburb of Balmain 2041 is home to approximately 6060 households. With its coveted location and strong community, Balmain is a notable area of keen interest to property investors and prospective homeowners alike. Heading into Q3 2023, the suburb exhibits prominent property market trends that warrant careful analysis for rewarding property ventures.

    In terms of essentials, the third quarter of 2023 reveals that the typical price for houses in Balmain 2041 is a hefty $2,615,134. Median weekly rent stands at $1,143, giving an indicative yield of 2.27%. Although this rate sits below the ideal 3% yield that would especially appeal to cashflow-centric property investors, Balmain’s other impressive figures potentially offset any short-term concerns around yield.

    Delving into the socio-economic score, or IRSAD, Balmain boasts a dominant 1155 out of 1217. This high score unveils the suburb’s robust socio-economic standing, indicating a population enjoying solid access to economic resources, including high income levels and skilled professions.

    However, attention must be paid to the renter to owner ratio, which sits at a considerable 41%. This figure sits above the preferred maximum of 30%, indicating a market strongly influenced by renters as opposed to homeowners. Investors should consider this dynamic when assessing property capital growth potential and tenant longevity.

    Balmain presents a thoroughly promising picture when it comes to the units to houses ratio. Recording a low 28%, the suburb leans towards a larger proportion of houses over units. This limited dilution by units indicates less competition among landlords for tenants, and a likely family-orientated locale conducive to longer tenancies and stability.

    On the topic of affordability, however, Balmain’s index signals a challenging market. At 56 years, the prospect of fully owning a property is quite extensive, surpassing the average 30-year mortgage. This data possibly hints at an environment of high property prices and median income that requires due consideration.

    Conversely, supply metrics are very encouraging for investors. Balmain’s low stock on market Percentage of 0.19% and an inventory level of 0.81 months indicate a low supply market. Together with a modest building approvals ratio of 0.09%, there appears to be minimal risk of over-saturation or price drops resulting from an overstock of properties.

    Equally, demand statistics share positive insights. With a respectable 27 Days on Market, Balmain 2041 signifies high demand. This is supported by a tight vacancy rate of 1.04%, confirming a limited supply of rental properties and potentially higher rental yield. The buy search index for houses standing at 5 keep it in line with state/city averages, reflecting decent interest and demand for properties within the suburb.

    Indeed, property investments require careful assessments of market variables and understanding of real estate data. Although Balmain presents a combination of both challenging and positive attributes, the suburb proffers abundant potential for rewarding property investments. To assist in your data-driven property decisions, market trends should be monitored and alongside tools like the RCS (Relative Composite Score). This metric, developed by HtAG Analytics, utilises over 80 metrics to aid in automating and simplifying property research.

    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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