Balmoral, NSW

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Livability Index
105.6
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Population: 730

House Growth Prediction (per annual): NA, NAth out of 5061

Unit Growth Prediction (per annual): NA, NAth out of 2987

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Basics

Balmoral (Lake Macquarie - NSW) is a local community with population 730, and the population growth over the past decade is 3.14%. It has an average income $48,590.33 per annum. It has 95.1% of population who only speak English at home. Other top languages include Swedish, Arabic, Khmer, Bisaya. Unemployment rate in Balmoral (Lake Macquarie - NSW) is 4.8% while people work as professionals is 19.5%. Balmoral (Lake Macquarie - NSW) has 0 Coles stores and 0 Woolworth stores. Its population density is 60.62 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balmoral (Lake Macquarie - NSW) has Socio-Economic raw score 1008.7 while the average score across Australia is 1000. Therefore, Balmoral (Lake Macquarie - NSW) has advantage in terms of Socio-Economic measure. It obtains relative score 56 out of 100 across Australia, while relative score 55 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. Balmoral (Lake Macquarie - NSW) has a livability index NA, which is NA than average 100 across Australia. It ranks NAth out of 8,530 suburbs across Australia. Therefore, it is a suburb NA 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 16.5% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balmoral (Lake Macquarie - NSW) has a higher than average growth expectation. It ranks 6,182th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Similar to house, unit/flat/apartment in Balmoral (Lake Macquarie - NSW) is predicted to grow by NA% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balmoral (Lake Macquarie - NSW) has a higher than average growth. It ranks NAth 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 Balmoral (Lake Macquarie - NSW), which obtains score of 98.8 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 Balmoral (Lake Macquarie - NSW), which obtains score of 81.9 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balmoral (Lake Macquarie - NSW) has a worse than average score, which is 25.1 out of 100. Similar to to primary school, secondary school has worse than average score, which is 38.1 out of 100.

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Balmoral, NSW smart rating was calculated by GeoIndex Australia.

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