Balgownie, NSW
FAIR VALUE3,903 sales · 36 years of data · NSW, Australia
Balgownie, NSW Property Market Overview
Balgownie, NSW, postcode 2519, is a suburb located in the Illawarra region of New South Wales, offering a blend of suburban living and proximity to natural attractions. Our analysis covers 36 years of property data, encompassing a total of 3,903 recorded sales. The current median property price in Balgownie, combining houses and apartments, stands at $1,210,000.
Balgownie presents a diverse property market with houses currently having a median price of $1,350,000 and apartments at $918,000. The suburb's appeal lies in its balance of residential comfort and access to amenities, making it an area of interest for both families and professionals looking for a place to call home. Balgownie offers a unique lifestyle with its local shops, parks, and community feel.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Balgownie
Top streets in Balgownie, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Sherwood Dr | $1,250,000 |
| 2 | Ryan St | $1,055,000 |
| 3 | Wellington Dr | $1,950,000 |
| 4 | Ryan St | $1,101,750 |
... and 117 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Balgownie Rd | $4,473/m² |
| 2 | Agnew Cl | $2,642/m² |
| 3 | Elsie Ct | $3,521/m² |
| 4 | Peace Cres | $2,604/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Bootie St | +7.4% |
| 2 | Frost Pde | +8.7% |
| 3 | Russell St | +6.9% |
| 4 | Russell St | +6.5% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 104 Balgownie Rd | $920,000 |
| 2 | 17 Russell St | $1,330,000 |
| 3 | 17 Ryan St | $1,060,000 |
| 4 | 5 Ryan St | $1,350,000 |
... and 23 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Balgownie analysis
121 streets and 27 buildings to explore
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Balgownie at a Glance
Balgownie, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Balgownie, NSW
Living in Balgownie offers a blend of suburban tranquility and convenient access to amenities. The suburb boasts several local schools, including Balgownie Public School, making it an attractive location for families. For shopping, residents can find a variety of local shops and services within Balgownie itself, or easily access larger shopping centres in nearby Wollongong.
Balgownie also offers several parks and recreational areas, such as Balgownie Village Park, providing green spaces for residents to enjoy. The community has a relaxed and friendly vibe, with local events and activities fostering a strong sense of belonging. With its proximity to the coast and the Illawarra escarpment, Balgownie provides a lifestyle that balances urban convenience with natural beauty.
The suburb also offers convenient access to public transport, with bus routes connecting Balgownie to Wollongong and other surrounding areas. While Balgownie itself doesn't have a train station, nearby stations like Fairy Meadow provide rail access to Sydney. The combination of amenities, community spirit, and natural surroundings makes Balgownie a desirable place to live.
Who Buys in Balgownie?
Balgownie attracts a diverse range of buyers, including families, professionals, and downsizers. The presence of schools like Balgownie Public School makes it appealing to families with children. The median house price of $1,350,000 suggests that Balgownie is attractive to established families and professionals.
The apartment median price of $918,000 also caters to first home buyers and downsizers seeking more manageable properties. The strata percentage of 26.4% shows a decent proportion of apartments, providing options for those seeking lower-maintenance living. The historical CAGR of 6.4% over the past 10 years may also attract those seeking long-term capital growth.
Market Analysis
Balgownie's property market, as of early 2026, is currently assessed to be near its long-term trend, indicating fair value. This suggests that property prices in Balgownie are aligned with historical growth patterns and economic fundamentals.
Being at fair value means that Balgownie's prices aren't currently experiencing significant deviations above or below their typical trajectory. This can indicate a stable market where price movements are more predictable based on long-term trends, rather than speculative bubbles or dramatic corrections. For those tracking the Balgownie market, this cycle position provides context for understanding current price levels relative to the suburb's historical performance.
Is Balgownie a Good Investment?
Balgownie's property market presents a compelling case for long-term growth, underpinned by its location, amenities, and historical performance. The suburb's cycle position indicates that it is currently near its long-term trend, suggesting a stable market where prices are aligned with historical patterns.
The 10-year CAGR of 6.4% and the full-period CAGR of 6.5% demonstrate the consistent appreciation of property values in Balgownie over time. This historical growth, combined with the suburb's desirable lifestyle and proximity to Wollongong, supports the potential for continued growth. The mix of houses and apartments also caters to a diverse range of buyers, potentially contributing to market stability. Balgownie's blend of suburban charm and convenient access to amenities makes it an attractive location for both owner-occupiers and those seeking long-term capital appreciation.
The suburb's stable market conditions, evidenced by its cycle position, may appeal to those looking for a more predictable property market. Balgownie's established residential character and strong community ties further contribute to its long-term appeal.
Balgownie Market Outlook
As of early 2026, Balgownie's property market is characterised by its position near its long-term trend, indicating fair value. Recent price trends suggest a market that is neither experiencing rapid growth nor significant decline. This stability provides a sense of predictability for those tracking the Balgownie market.
Given the current market conditions, Balgownie presents a balanced scenario where property prices are aligned with historical performance. This may appeal to those seeking a stable and established property market in the Illawarra region.
Streets & Location in Balgownie, NSW
Balgownie, situated within the 2519 postcode, features a variety of residential streets contributing to its overall character. The top streets in Balgownie by median price include SHERWOOD DR, RYAN ST, and BALMORAL ST. These streets often reflect the more desirable aspects of the suburb, such as larger properties, better views, or proximity to amenities.
With a total of 121 streets, Balgownie offers a diverse range of living environments, from quiet residential areas to those closer to commercial centres. The suburb's location in the Illawarra region provides residents with convenient access to both urban amenities and natural surroundings.
Market Dynamics
Transaction patterns in Balgownie reflect a stable and reasonably efficient market. The average settlement time for property sales in Balgownie is 53 days. This timeframe provides an indication of the typical duration required to complete a property transaction in the suburb.
Currently, data on quick-flip percentages in Balgownie is not available. This means we cannot accurately assess the level of short-term speculative activity within the Balgownie property market based on available figures. The settlement timeframe does provide a basic insight into the turnover of properties in Balgownie.
Development & Density
Balgownie features a mix of housing types, ranging from detached houses to apartment buildings. The suburb has 27 apartment buildings, indicating a moderate level of higher-density development. This is further reflected in the strata percentage, with apartments comprising 26.4% of the property market in Balgownie.
The balance between houses and apartments in Balgownie contributes to the suburb's overall character, offering diverse housing options to suit different preferences. This blend of development density provides a range of choices for those looking to live in Balgownie.
Growth & Property Mix
Historically, Balgownie has demonstrated solid growth in property values. Over the past 10 years, Balgownie has achieved a Compound Annual Growth Rate (CAGR) of 6.4%. Looking further back, the 20-year CAGR stands at 5.9%, while the full data period of 36 years shows a CAGR of 6.5%. These figures provide insights into the long-term appreciation of property in Balgownie.
The property mix in Balgownie includes both houses and apartments, with apartments accounting for 26.4% of the market based on strata title percentages. This mix offers a range of options for those interested in the Balgownie property market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.