Balranald, NSW

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Livability Index
91.5
What's this?

Population: 1627

House Growth Prediction (per annual): 24%, 1467th out of 5061

Unit Growth Prediction (per annual): 17%, 964th out of 2987

Keywords: Low Population Density, Low Salary, Low Rent, Tourism, Agriculture, Livestock, Big Area, Nature, Volunteer, Mining

Basics

Balranald is a local community with population 1,627, and the population growth over the past decade is -20.3%. It has an average income $34,839.67 per annum. It has 88.9% of population who only speak English at home. Other top languages include Italian, Arabic, Russian, Maltese, French. Unemployment rate in Balranald is 3.8% while people work as professionals is 7.6%. Balranald has 0 Coles stores and 0 Woolworth stores. Its population density is 0.04 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Balranald has Socio-Economic raw score 932.3 while the average score across Australia is 1000. Therefore, Balranald has disadvantage in terms of Socio-Economic measure. It obtains relative score 23 out of 100 across Australia, while relative score 23 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. Balranald has a livability index 92, which is lower than average 100 across Australia. It ranks 6,060th out of 8,530 suburbs across Australia. Therefore, it is a suburb less 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 13% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Balranald has a higher than average growth expectation. It ranks 5,046th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Unlike house, unit/flat/apartment in Balranald is predicted to grow by 12.8% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Balranald has a lower than average growth. It ranks 4,088th out of 8,530 suburbs in Australia, which is predicted to be not attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school NA the attractiveness of Balranald, which obtains score of NA out of 100 within NSW based on local primary school student exam performance. NA primary school, secondary public school hurt the attractiveness of Balranald, which obtains score of 41.2 out of 100 within NSW based on local secondary school student exam performance. Considering the background of students in primary school, Balranald has a NA than average score, which is NA out of 100. NA to primary school, secondary school has worse than average score, which is 36.1 out of 100.

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Balranald, NSW smart rating was calculated by GeoIndex Australia.

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