Balmain East, NSW

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Livability Index
123
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Population: 1866

House Growth Prediction (per annual): 33%, 139th out of 5061

Unit Growth Prediction (per annual): 26%, 43th out of 2987

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

Basics

Balmain East is a local community with population 1,866, and the population growth over the past decade is 1.51%. It has an average income $91,091.67 per annum. It has 84.5% of population who only speak English at home. Other top languages include Mandarin, Italian, German, Spanish, French. Unemployment rate in Balmain East is 3.9% while people work as professionals is 43.7%. Balmain East has 0 Coles stores and 0 Woolworth stores. Its population density is 774.68 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balmain East has Socio-Economic raw score 1117.8 while the average score across Australia is 1000. Therefore, Balmain East has advantage in terms of Socio-Economic measure. It obtains relative score 96 out of 100 across Australia, while relative score 94 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 East has a livability index 116.3, which is higher than average 100 across Australia. It ranks 124th 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 16.9% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balmain East has a higher than average growth expectation. It ranks 6,396th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Balmain East is predicted to grow by 8.6% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balmain East has a higher than average growth. It ranks 3,503th 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 East, 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 East, 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 East 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 East, NSW smart rating was calculated by GeoIndex Australia.

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