Question 1

Is Balgowlah Heights a nice place to live?

Accepted Answer

Balgowlah Heights sits on an elevated ridge with sweeping views over Middle Harbour and the city skyline. It is quietly residential, with leafy streets of freestanding family homes, many on larger blocks and several renovated with contemporary extensions. Outdoor life centres on local reserves and harbour foreshores with walking tracks and picnic spots, while buses link the suburb to nearby Balgowlah and Manly for shops, cafes and beaches and provide routes into the city, making it a peaceful yet well connected harbour-side pocket.

Home to 3,546 people with a median age of 43 and a median household income of $4,687 a week (about $244,000 a year), Balgowlah Heights is strongly family-oriented, with 66.4% couple families with children and a further 25.9% couple families without children, and around 91.6% of homes owner-occupied. The area was affected by the Beaches Link and Gore Hill Freeway Connection proposal, recorded as Withdrawn, and local council works include new lighting at Bareena Park Tennis Centre while Tania Park is identified in the council’s draft open space strategy as a potential site for basketball and outdoor fitness. Whether that suits you depends on what you want in a suburb.

Question 2

Is it expensive to live in Balgowlah Heights?

Accepted Answer

Balgowlah Heights' housing costs sit high against what local households earned at the last Census. With a typical household income of $4,687 a week at the last Census, a house rent of $2,250 a week would take about 48% of that weekly income, a large share of income. The median house price of $4,230,000 works out to about 17.4 times a typical local annual household income at the last Census, which sits well above local incomes.

If you're weighing renting versus buying, rent here would take a particularly large share of a typical local household's weekly income, while buying sits at a high multiple of a local year's income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Balgowlah Heights a good place to invest?

Accepted Answer

House values in Balgowlah Heights fell 5.8% over the past 12 months, a notable decline in capital value. Over the same period house rents rose 2.3%, a modest increase in rental income. Which of those outcomes matters most will come down to whether you prioritise capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$4.23M	N/A
Change in value Past 12 months	-5.8%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	43	N/A
Average rent Past 12 months	$2250	N/A
Change in rent Past 12 months	2.3%	N/A

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