Suburb Profile Report for Lavender Bay NSW (2060)

Lavender Bay Unit: Median price $865,000, Annual capital growth 8.29%, Number of sales 23, Weekly median advertised rent $570

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lavender Bay has increased when compared to the 5 year average annual rate.

The most recent median price for Lavender Bay is $865000, with sellers offering an average of -0.69% off the asking price.

Using the current median advertised rental of $570 and the average annual increase in value of a median property of 8.29%, investors should hope to achieve an overall return of 3.43%

HOUSE UNIT
N/A $865,000
N/A -0.86%
N/A N/A
N/A 8.29%
N/A $570
N/A 23
N/A 3.43%
N/A 36.36

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 852
Median household income ($/weekly) 1947
Median age of persons 36
Median housing loan repayment ($/monthly) 3000
Average household size 1.9
  • Census Count Percent(%)
    25-34 years 240 28.2
    35-44 years 119 14.0
    45-54 years 101 11.9
    55-64 years 105 12.3
    65-74 years 83 9.7
    Others 204 23.9
    Age Group
    Census Count Percent(%)
    Not Married 329 49.8
    Registered Married 237 35.9
    Defacto Relationship 94 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 492 64.4
    Lebanon 13 1.7
    Papua New Guinea 28 3.7
    United Kingdom 64 8.4
    Other 46 6.0
    Others 121 15.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 2.7
    Christianity 437 59.3
    Hinduism 6 0.8
    Judaism 9 1.2
    No Religion 259 35.1
    Others 6 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 33 9.0
    $1,500-$1,999 61 16.6
    $2,500-$2,999 72 19.6
    $3,000-$3,499 29 7.9
    $4,000 or more 36 9.8
    Others 137 37.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 378 52.5
    Not in the labour force 165 22.9
    Employed, worked part-time 128 17.8
    Employed, away from work 28 3.9
    Unemployed, looking for work 21 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 107 20.1
    Professionals 243 45.7
    Community & personal service workers 28 5.3
    Clerical & administrative workers 79 14.8
    Sales 33 6.2
    Others 42 7.9
    Occupation
    Census Count Percent(%)
    University or other Tertiary Institutions 69 46.9
    Infants/Primary 24 16.3
    Technical or Further Educational Institution 22 15.0
    Other type of educational institution 17 11.6
    Secondary 15 10.2
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 436 59.5
    Semi-detached, row or terrace house, townhouse 173 23.6
    Separate house 124 16.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 211 53.0
    Fully owned 105 26.4
    Being purchased 68 17.1
    Other tenure type 14 3.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals