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Balgal Beach, QLD 4816

Home » QLD Real Estate Data » Townsville City, QLD » Balgal Beach, QLD 4816

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 Balgal Beach, QLD 4816 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 

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3BR

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Rent 

2BR

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Balgal Beach, QLD 4816”

  1. The total adult population (15 years or older) of Balgal Beach 4816 QLD is 881, with a median age of 58. Of those, 50.06% are married, 17.59% are divorced or separated, 25.54% are single and 7.04% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,552. The median monthly mortgage repayment for households in this suburb is $1,192 which is 26.19% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in QLD, the suburb of BALGAL BEACH 4816 is a residential enclave home to about 771 households. As we move into Q3 of 2023, the typical house price in this relaxed suburb registers at $355,403. Complementing this, the median weekly rent stands at $340, churning out a promising indicative yield of 4.97% – distinctly above the minimum yield of 3% deemed attractive by cashflow-focused property investors.

    Driving further into the socio-economic aspects, BALGAL BEACH 4816 scores an IRSAD score of 872 out of a maximum of 1217. This healthy score outlines that the local populace has commendable access to economic resources and generally belong to income groups trending on the higher side. The renter to owner ratio in this suburb is 16%, suggesting a relatively low renter saturation, which can beneficially stave off competition amongst property investors.

    Remarkably, here, the units to houses ratio stands at a flat zero per cent, casting an ideal scenario where there is minimal competition between landlords for tor tenants, possibly maintaining superior rental yields. This balance also typically attracts families who prefer more extended tenancy periods.

    However, like any property market, BALGAL BEACH 4816 also brings its set of challenges. The affordability index for houses in the area tips at 31 years, underscoring a slight decrease in affordability. Moreover, houses can potentially stay active on the market for up to 114 days before being snapped up, indicating a somewhat slower pace of demand.

    On the brighter side, the stock on market Percentage for houses registers a balanced 0.52%, and the inventory level for houses is maintained at two months. Interestingly, the building approvals Ratio for houses is virtually stagnant at 0.00%. This could potentially held off an influx of new dwellings and help maintain a steady market.

    Moreover, the all-important combined vacancy rate – for both houses and units – in BALGAL BEACH 4816 shows a favourable sign at 1.59%. Moreover, the buy search index for houses shoots past the average to record a figure of 7, demonstrating high demand in the market.

    Collectively, while some metrics could require closer scrutiny, a majority of them lean favourably for potential investors in BALGAL BEACH 4816. As always, it’s vital to watch market trends, understand data, and consider metrics like the dependable Relative Composite Score (RCS) by HtAG Analytics for a comprehensive, informed view of the property landscape.

    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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