Balga Suburb Profile

WA 6061
Northern Suburbs

Balga Suburb Report

Balga’s name originally came from the Aboriginal word for an indigenous tree as the area was used for market gardens and poultry farms before the large-scale developments began in Balga during the late 1950’s.

Balga was largely characterised by single-storey dwellings on lot sizes averaging around 700m2 and a number of grouped dwellings and flats. Over the last few years, Balga has been one of the older suburbs to watch when it comes to buying or investing in established homes due to the area undergoing rezoning which creates sub-divisional potential. One of the most significant residential developments was The New North project which commenced in 1998 setting out to transform suburbs like Balga into more attractive locations to live which encouraged community investment and magnified rates of home ownership.

Balga offers its local residents a number of beautiful parks and recreational facilities including an aquatic centre, tennis courts, cricket club and soccer club. The suburb also contains serval schools and education facilities including Balga High School and North Metropolitan TAFE.

One of the suburbs favourable attractions is the affordability of having just about everything you want from a location and lifestyle point of view. Being just a short drive to the city, the beach, the airport, and established surrounding suburbs it’s easy to see why the population is growing quite rapidly in this area.

Whilst Balga has delivered a weaker performance over the last 12 months in terms of capital growth, values for property over the five-year average increased and has given potential investors a capital gain of 1.37% over each of those five years (yourinvestmentpropertymag.com.au).

Key Suburb Statistics

For Balga WA 6061, September 2019

  • Average Rent $285
  • Gross rental yield 5.20%
  • Rental vacancy rate 2.74%
  • Median house price $300,000

Balga Property Market

  • Capital growth in the median house price in Balga fell by 4.76% over the last 12 months (reported to the period ending June 2019, data may change retrospectively).
  • Average annual growth rate is -7.4% (over last 5 years).
  • There were 143 houses sales in Balga in 2019, down from 173 in 2018.
  • The median house price as at September 2019 is $300,000.
  • Total population: 12,685 (Census 2016, ABS).
  • Population growth rate between 2011 and 2016 grew by 18.7% (Census 2016, ABS).

*As supplied by reiwa.com.au, realestate.com.au and CoreLogic as at 1 October 2019.

Rental Statistics

  • Average rent: $285.
  • Gross rental yield: 5.20%.
  • Average three bedroom rent: $290.
  • Average four bedroom rent: $340.
  • Rental vacancy rate: 2.74%.

*As supplied by realestate.com.au and realestateinvestar.com.au as at 1 October 2019.

Sales Statistics

  • Median house price: $300,000.
  • Median three bedroom house price: $290,000.
  • Median four bedroom house price: $340,000.

*As supplied by reiwa.com.au and realestate.com.au as at 1 October 2019.

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Nearby Attractions and Amenities

What’s in the pipeline?

The city of Stirling will guide the future development of Balga with a number of planned infrastructure and facilities projects to make the most out of potential growth opportunities and a rapidly growing population.

*As supplied by stirling.wa.gov.au.

Transport

Balga is located in the City of Stirling, served by the Wanneroo Road and Reid Highway.

Education

Demographics

*As supplied by realestate.com.au and domain.com.au as at 1 October 2019.

About Benchmark

At Benchmark, we have been providing specialist property management services for properties north of the river for over 12 years. Located just a short drive north of Balga in Joondalup, our specialist team concentrate 100% on property management in Perth’s northern suburbs, ensuring our time is solely dedicated to taking care of you and your portfolio of properties.

If you’re looking for a dedicated property manager that can help you navigate the market with peace of mind and without the stress, go here to see why our clients benchmark us as one of the leading Balga property management companies in Perth.