Balaclava, NSW

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Livability Index
103.7
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Population: 417

House Growth Prediction (per annual): 29%, 480th out of 5061

Unit Growth Prediction (per annual): 22%, 281th out of 2987

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Basics

Balaclava (NSW) is a local community with population 417, and the population growth over the past decade is 144%. It has an average income $46,157.33 per annum. It has 83.9% of population who only speak English at home. Other top languages include Greek, Vietnamese, Turkish, German, French. Unemployment rate in Balaclava (NSW) is 4.5% while people work as professionals is 20.9%. Balaclava (NSW) has 0 Coles stores and 0 Woolworth stores. Its population density is 5.94 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balaclava (NSW) has Socio-Economic raw score 998.3 while the average score across Australia is 1000. Therefore, Balaclava (NSW) has disadvantage in terms of Socio-Economic measure. It obtains relative score 51 out of 100 across Australia, while relative score 50 out of 100 within NSW. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Balaclava (NSW) has a livability index 98.3, which is lower than average 100 across Australia. It ranks 3,767th out of 8,530 suburbs across Australia. Therefore, it is a suburb less livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 19.5% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balaclava (NSW) has a higher than average growth expectation. It ranks 7,238th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Unlike house, unit/flat/apartment in Balaclava (NSW) is predicted to grow by 11.2% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balaclava (NSW) has a lower than average growth. It ranks 4,003th out of 8,530 suburbs in Australia, which is predicted to be not attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Balaclava (NSW), which obtains score of 99.7 out of 100 within NSW based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Balaclava (NSW), which obtains score of 87.3 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balaclava (NSW) has a better than average score, which is 97.2 out of 100. Similar to to primary school, secondary school has better than average score, which is 73.3 out of 100.

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Balaclava, NSW smart rating was calculated by GeoIndex Australia.

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