Statistics on Property in Balgownie

Statistics on Property in Balgownie

In 2001, 74.4% of the homes in Balgownie were owner-occupied compared with 76.8% in 2006.

Currently the median sales price of houses in the area is 590,000.

Capital growth over the last 10 years

 

Balgownie Capital Growth of Real Estate

Balgownie Capital Growth of Real Estate

 

The size of Balgownie is approximately 4 square kilometres. It has 10 parks covering nearly 7% of total area.

The population of Balgownie in 2001 was 6,046 people. By 2006 the population was 6,048 showing a stable population in the area during that time.

The predominant age group in Balgownie is 40-49 years.

As we can see from the graph, median sales from 2009 dramatically increased for the month of October and maintained an average price of 405,000 to 500,000 the rest of the year. In 2010, the average median sale price for the year is 496937.5.

Below is a graph on the number of house sales in the Balgownie suburb over the last 10 years.

Households in Balgownie are primarily couples with children and are likely to be repaying between $1200 – $1400 per month on mortgage repayments.

In the last twelve months, most houses were sold at the prices between 401,000 to 600,000 AUD.

If you are looking to buy or sell in the Balgownie area we can help you. Simply fill in the contact form on right hand side of page and we will be in touch with you shortly.

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Article by Scott Penning

Real Estate Consultant for the northern suburbs of Wollongong specializing in the 2519 postcode. If you have any questions buying or selling in the Balgownie area and surrounding suburbs please feel free to call me at the office on 4284 8000.

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Buying balgownie real estate

Penning Real Estate
Phone 4284 8000
5/42 Princes Highway
Fairy Meadow.

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