Balgownie, NSW

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Livability Index
106.8
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Population: 5447

House Growth Prediction (per annual): 30%, 384th out of 5061

Unit Growth Prediction (per annual): 23%, 219th out of 2987

Keywords: Active Market, Nature, Diverse Language, Professional, Valuable House

Basics

Balgownie is a local community with population 5,447, and the population growth over the past decade is 2.44%. It has an average income $50,172 per annum. It has 80.6% of population who only speak English at home. Other top languages include Italian, Macedonian, Turkish, Arabic, Spanish. Unemployment rate in Balgownie is 6.8% while people work as professionals is 24.1%. Balgownie has 1 Coles stores and 1 Woolworth stores. Its population density is 464.75 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balgownie has Socio-Economic raw score 1031.2 while the average score across Australia is 1000. Therefore, Balgownie has advantage in terms of Socio-Economic measure. It obtains relative score 68 out of 100 across Australia, while relative score 66 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. Balgownie has a livability index 107.1, which is higher than average 100 across Australia. It ranks 1,179th 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 17.5% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balgownie has a higher than average growth expectation. It ranks 6,680th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Balgownie is predicted to grow by 9.1% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balgownie has a higher than average growth. It ranks 3,668th 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 Balgownie, which obtains score of 96.9 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 Balgownie, which obtains score of 91.8 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balgownie has a better than average score, which is 56.8 out of 100. Similar to to primary school, secondary school has better than average score, which is 67.1 out of 100.

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Balgownie, NSW smart rating was calculated by GeoIndex Australia.

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