Balcolyn, NSW

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Livability Index
102.6
What's this?

Population: 817

House Growth Prediction (per annual): 24%, 1443th out of 5061

Unit Growth Prediction (per annual): 17%, 946th out of 2987

Keywords: Well Educated, Volunteer, Healthcare

Basics

Balcolyn is a local community with population 817, and the population growth over the past decade is 78.5%. It has an average income $44,664.67 per annum. It has 94.3% of population who only speak English at home. Other top languages include Italian, Dutch, Spanish, French, Filipino. Unemployment rate in Balcolyn is 5.9% while people work as professionals is 19.4%. Balcolyn has 1 Coles stores and 2 Woolworth stores. Its population density is 84.98 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balcolyn has Socio-Economic raw score 979.7 while the average score across Australia is 1000. Therefore, Balcolyn has disadvantage in terms of Socio-Economic measure. It obtains relative score 41 out of 100 across Australia, while relative score 41 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. Balcolyn has a livability index 102.9, which is higher than average 100 across Australia. It ranks 2,264th out of 8,530 suburbs across Australia. Therefore, it is a suburb more 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 17.4% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balcolyn has a higher than average growth expectation. It ranks 6,642th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Balcolyn is predicted to grow by 9% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balcolyn has a higher than average growth. It ranks 3,640th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Balcolyn, which obtains score of 97.2 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 Balcolyn, which obtains score of 81.2 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balcolyn has a worse than average score, which is 23.1 out of 100. Similar to to primary school, secondary school has worse than average score, which is 35.6 out of 100.

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Balcolyn, NSW smart rating was calculated by GeoIndex Australia.

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