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Balnarring, VIC 3926

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$1,400,000

market range $1.3M-$1.8M

Median Unit

$795,000

list-price estimate

Gross Yield (houses)

3.0%

1yr Growth (houses)

-3.6%

market range -12.5% to +25.0%

Investment snapshot for Balnarring

Balnarring has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Balnarring market and investor summary

Balnarring (VIC 3926) runs a median house price of $1.4M, with houses yielding a gross 3.0%. House prices have moved -3.6% over the past year. At 1.7% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 83 days on market, so plan for a slower exit if you ever need one.

Living in Balnarring: people, income and schools

Balnarring is home to around 2,371 people, a number that has held fairly steady over five years. The median age is 46, skewed a little older, and 88% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $100,000 a year, or roughly $1,920 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.

There are 3 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 63 km from the CBD. It is fairly car-dependent; the suburb scores 4 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
2,371
-2% over 5yr
Median age
46 years
Median household income
$100,000/yr
Households renting
9%
Family households
77%
Socio-economic rank
9/10
ABS advantage index
Schools within 5km
3
avg ICSEA 1068
Unemployment
4.6%
Distance to CBD
63 km
Walk score
4/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Balnarring

No properties currently listed in Balnarring

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Frequently asked questions about Balnarring

What should I check before investing in Balnarring?

Balnarring has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Balnarring?

The median property price in Balnarring, VIC 3926 is $1.4M for houses.

What rental yield does Balnarring show?

The gross rental yield in Balnarring is 3.0% for houses and 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Balnarring?

House prices in Balnarring are down 3.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Balnarring?

The current vacancy rate in Balnarring is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Balnarring?

Balnarring has a population of approximately 2,371 residents, with a median age of 46.

What schools are near Balnarring?

There are 3 schools within roughly 5km of Balnarring. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Balnarring affordable to buy in?

A median house in Balnarring costs about 14.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Balnarring's population growing?

The population of Balnarring has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Balnarring from the CBD?

Balnarring is about 63 km from the CBD.

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