Whether you're buying, renting, or investing, understanding a suburb's profile is key to making confident property decisions. Researching the latest median prices, market trends, and demographic insights for Balgownie, NSW 2519 will help you stay informed and make the right move.
Insights - Balgownie, NSW
Balgownie is a charming and sought-after suburb nestled in the northern region of Wollongong, New South Wales. Known for its leafy streets, strong community spirit, and proximity to both coast and escarpment, Balgownie strikes the perfect balance between suburban tranquillity and convenient access to essential amenities. It's a location that appeals to families, professionals, and downsizers alike, offering lifestyle benefits and investment potential.
$1,345,000
Median House Price
80%
Auction Clearance Rate
Up +3.5%
Price Growth 12 months prior
Recent Sales Balgownie, NSW
Why Invest in Balgownie?
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Steady Rental Demand: Balgownie enjoys consistent rental demand from families, professionals, and university students due to its proximity to Wollongong CBD, the University of Wollongong, and major employment hubs.
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Capital Growth Potential: The suburb has demonstrated steady capital growth over recent years, with limited land availability supporting long-term value appreciation.
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Low Vacancy Rates: With a stable tenant base and low vacancy rates, Balgownie provides reliable rental income for investors.
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Diverse Property Mix: From traditional family homes on large blocks to modern townhouses and apartments, investors have a range of property types to choose from to suit various strategies and budgets.
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Lifestyle Appeal: Its village atmosphere, boutique shops, cafes, and proximity to nature reserves make it a lifestyle suburb that attracts long-term tenants.
Investment Tip: Properties near Balgownie Village and those with escarpment or ocean views tend to yield stronger interest and returns.