3/15 Danehill Way, Balga WA 6061
3/15 Danehill Way, Balga WA 6061
3-bed strata unit Balga | 3x1x1 configuration rare | median priced $653k | 7 days avg market | North Balga Primary 0.6km
The property’s 3-bedroom, 1-bathroom configuration in a 3039mยฒ shared block positions it as a rare entry-level product for families or investors targeting Balga’s younger demographic, where 63% of the population is under 40. Its 6-day market presence against a 7-day local average suggests pricing aligns with buyer expectations, and proximity to North Balga Primary School (0.6km) strengthens appeal for first-home buyers. The 70% owner-occupier street profile indicates stable neighbourhood character, reducing turnover risk.
The main risk is the 2014 last sale date creating unknown equity gap for sellers, though no recent comparable sales data confirms current market value. The conflicting listing data for a different unit at this address signals potential strata management complexity or unit variation within the block. Buyers should verify the exact unit’s condition and strata levies, as the large shared block may carry higher common area costs. Hold this property as a long-term rental given Balga’s 30% renter share and median price support.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Balga is an established suburb experiencing a significant demographic shift, with a growing population of young professionals and families. This influx is driving strong demand for housing, reflected in rapid sales and robust price growth. The market is characterised by high rental yields and low stock turnover, indicating sustained investor and owner-occupier interest. Future growth will be supported by its relative affordability and demographic momentum, though its trajectory remains sensitive to broader economic conditions influencing buyer sentiment.