40 Wallace Street, Balaklava SA 5461
This property is Off Market
- The Average property price in this area is $293,173, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 24.89 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Wakefield - Barunga West
With an average age of 40, households expect an average monthly mortgage payment of $889 or a weekly rent payment of $210. The average family earns a weekly income of $1,275 with a typical household size of 2.2 and a 92.02% employment rate.
In Balaklava there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Balaklava is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Balaklava leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Balaklava necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Balaklava we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Balaklava a better buying opportunity than it may have been in the past.
General Points of Interest
Balaklava Golf Club
Balaklava Racecourse
Population
(Country of Birth not stated 3%)
Are people healthy?
There are a recorded 1244 asthma sufferers and 718 people living with diabetes. In addition, 586 people have a heart/vascular condition and 1222 people live with three or more chronic diseases.A good place to invest in property?
Wakefield - Barunga West a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
29 / 100
44 / 100
Industry
11 / 100
34 / 100
Population
32 / 100
37 / 100
House Prices
41 / 100
62 / 100
Jobs
15 / 100
33 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
Property Story
40 Wallace Street, Balaklava, Sa, 5461 is a residential property . The estimated distance to the sea is 24.89km and at least 1.45KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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