Back to Suburb Insights
Balmain Suburb Insights
VICLocation Information
Suburb Name
Balmain, VIC
Distance from CBD
20.8 kmDemographics
Population
10,453
Median Income
$69,784
Area Information
Area
1.54 km²
Population Density
6788 people/km²
Property Market
Median Price
$1,142,469
Annual Growth
+13.6%Property Price Trend Analysis
Current Median Price
$1,142,469
Annual Growth
+13.6%
Quarterly Growth
+5%
Price Trends - Last 6 Months
2024-01
$782,636
+3%2024-02
$573,156
+4.2%2024-03
$390,512
+14.9%2024-04
$951,078
+15.8%2024-05
$1,111,471
+10%2024-06
$479,921
+16.9%Property Type Price Analysis
House
Median Price
$1,135,040
Growth Rate
+13.9%Available Listings
141 properties
Apartment
Median Price
$354,143
Growth Rate
+12.6%Available Listings
679 properties
Townhouse
Median Price
$565,464
Growth Rate
+7.7%Available Listings
124 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy