Balmain, NSW

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Livability Index
121.1
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Population: 9783

House Growth Prediction (per annual): 27%, 850th out of 5061

Unit Growth Prediction (per annual): 20%, 537th out of 2987

Keywords: High Price, Active Market, Valuable Market, Business Area, High Population, High Population Density, Workforce, Born Overseas, Well Educated, Professional, Media, Finance, High Salary, Investment, High Rent, Valuable House

Basics

Balmain is a local community with population 9,783, and the population growth over the past decade is 11.8%. It has an average income $91,091.67 per annum. It has 82.9% of population who only speak English at home. Other top languages include Italian, Greek, German, French, Arabic. Unemployment rate in Balmain is 3.9% while people work as professionals is 43.7%. Balmain has 1 Coles stores and 0 Woolworth stores. Its population density is 4,086.25 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balmain has Socio-Economic raw score 1108.1 while the average score across Australia is 1000. Therefore, Balmain has advantage in terms of Socio-Economic measure. It obtains relative score 94 out of 100 across Australia, while relative score 91 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. Balmain has a livability index 116.7, which is higher than average 100 across Australia. It ranks 102th 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 15.8% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balmain has a higher than average growth expectation. It ranks 5,836th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Balmain is predicted to grow by 7.4% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balmain has a higher than average growth. It ranks 3,007th 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 NA the attractiveness of Balmain, which obtains score of NA out of 100 within NSW based on local primary school student exam performance. NA primary school, secondary public school contribute to the attractiveness of Balmain, which obtains score of 97.8 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balmain has a NA than average score, which is NA out of 100. NA to primary school, secondary school has better than average score, which is 96.4 out of 100.

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Balmain, NSW smart rating was calculated by GeoIndex Australia.

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