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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 $620,000 and this has changed 40.27% over the past year and changed 63.58% over 2 years.

The median rent in Balga for houses is $600 per week and the median rental yield is 5.03%. Stock on the market for houses/townhouses has changed 32.98% compared to last year and the average time to sell a house/townhouse is 69 days.The median listing price for units is $499,000 and this has changed 42.97% over the past year. The average unit takes 43 days to sell and the median rent for a unit in Balga is $575 per week, producing a rental yield of 5.99%.

Supply & Demand in Balga, Stirling

0.85%

Current vacancy rate


57

Rental stock available


12,690

Population


37.59%

Rental population


0.64%

Current vacancy rate


684

Rental stock available


210,208

Population


28.40%

Rental population


0.63%

Current vacancy rate


7,731

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 $620,000 $592,000 $499,000
Median price change - last quarter 2.12% 7.09% 4.63%
Median price change - 1 year 40.27% 34.85% 42.97%
Median price change - 2 years 63.58% 69.14% 51.21%
  House Townhouses Units
Median weekly rent $600 $600 $575
Median yield % 5.03% 5.27% 5.99%
Median rent change - 1 year 15.38% 20.00% 15.00%
  House Units
Previous month sales 26 1
Stock on market previous month 125 8
Stock variance vs. last year 32.98% -11.11%
Average days on market 69 43

Balga investment property listings

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