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Investment Property Balga, WA, 6061

Suburb Snapshot

Balga is a suburb in the Stirling Region of Western Australia. Balga has a population of 12,690 people and 37.59% of its occupants live in rental accommodation. The median listing price for houses is $600,000 and this has changed 38.24% over the past year and changed 60.00% over 2 years.

The median rent in Balga for houses is $600 per week and the median rental yield is 5.20%. Stock on the market for houses/townhouses has changed 8.33% compared to last year and the average time to sell a house/townhouse is 68 days.The median listing price for units is $497,000 and this has changed 42.20% over the past year. The average unit takes 41 days to sell and the median rent for a unit in Balga is $570 per week, producing a rental yield of 5.96%.

Supply & Demand in Balga, Stirling

0.69%

Current vacancy rate


46

Rental stock available


12,690

Population


37.59%

Rental population


0.59%

Current vacancy rate


630

Rental stock available


210,208

Population


28.40%

Rental population


0.61%

Current vacancy rate


7,509

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Balga, Stirling

  House Townhouses Units
Median listing price $600,000 $589,000 $497,000
Median price change - last quarter 2.12% 7.09% 4.63%
Median price change - 1 year 38.24% 38.58% 42.20%
Median price change - 2 years 60.00% 68.28% 48.57%
  House Townhouses Units
Median weekly rent $600 $600 $570
Median yield % 5.20% 5.29% 5.96%
Median rent change - 1 year 15.38% 20.00% 14.00%
  House Units
Previous month sales 21 5
Stock on market previous month 117 11
Stock variance vs. last year 8.33% -8.33%
Average days on market 68 41

Balga investment property listings

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