Balmain NSW 2041: Property Market Report & Real Estate Insights

Part of Inner West, NSW

Balmain Real Estate Market Outlook

Thinking about buying in Balmain? Now could not be a better time, with 7532 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,687,000 with prices in this suburb ranging from $25,000 to $16,693,000. Balmain is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Balmain

Consistent high demand relative to supply is a key feature in Balmain driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Balmain ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Balmain classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Balmain requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Balmain, Sydney, New South Wales, is a relatively central suburb founded in the early 1800s. Taking its name from Dr William Balmain, who was first given a grant in the area, the suburb rapidly grew throughout the 19th century, rapidly coming to be on of Sydney’s biggest industrial areas. The area’s population was further boosted by the arrival of a train station in Balmain in the 1920s. By the dawn of the 1960s, the blue-collar nature of the region began to ebb as industry in central Sydney waned; the area rapidly became increasingly gentrified and stands today as one of the more sought after areas of the city from a residential viewpoint, due largely to its proximity to the central business district and the stunning waterfronts that serve as its eastern and western borders.

Balmain is an incredibly beautiful suburb located only 2 kilometres from Sydney’s central business district. Commerce and leisure in the suburb are centred around Darling Street, where a slew of hotels, restaurants, cafes and drinking establishments both modern and historic can be found along with many shops and other retail outlets. The picturesque locale of the municipality pairs beautifully with its proximity to central Sydney, coupling the advantages of city life with the beautiful housing style often associated with more rural areas and the stunning views from the shores of the Balmain peninsula; these factors combined with the excellent facilities in Balmain make the region an incredibly appealing place to own property, and its proximity to the city’s heart guarantee further investment and development in the area.

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