Suburb Profile Report for Mcmahons Point NSW (2060)

Mcmahons Point House: Median price $2,302,000, Annual capital growth 8.66%, Number of sales 22, Weekly median advertised rent $950

Mcmahons Point Unit: Median price $1,075,000, Annual capital growth 8.37%, Number of sales 63, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

Mcmahons Point, 2060 ranked 1405th in NSW when comparing growth in median property values or capital gain over the last 12 months. Mcmahons Point is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Mcmahons Point comes in at number 649th in NSW.

Situated 2.34km from the CBD, Mcmahons Point is one of North Sydney localities in the postcode 2060.

With a capital gain of -2.27% for the last 12 months, Mcmahons Point, 2060 has performed for property investments than its average annual 8.37% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Mcmahons Point,2060 has racked up an average of -2.27% over the period. This ranks it number 298th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Mcmahons Point is giving property investors an average Vendor Discount of around -3.64%. This puts suburb at number 321th in NSW when ranking the most discounted suburbs.

In the last year 63 properties changed hands in Mcmahons Point, which puts it as the 228th most active market in NSW when comparing the number of sales per suburb.

Mcmahons Point, 2060’s gross rental yield is 2.90%

HOUSE UNIT
$2,302,000 $1,075,000
N/A 9.03%
-21.97% -2.27%
8.66% 8.37%
$950 $600
22 63
2.15% 2.90%
N/A 24.21

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 2344
Median household income ($/weekly) 2549
Median age of persons 39
Median housing loan repayment ($/monthly) 3000
Average household size 1.9
  • Census Count Percent(%)
    25-34 years 565 24.1
    35-44 years 408 17.4
    45-54 years 328 14.0
    55-64 years 336 14.3
    65-74 years 233 9.9
    Others 474 20.2
    Age Group
    Census Count Percent(%)
    Not Married 778 42.6
    Registered Married 747 40.9
    Defacto Relationship 300 16.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1326 64.1
    Papua New Guinea 84 4.1
    United Kingdom 222 10.7
    United States of America 47 2.3
    Other 139 6.7
    Others 251 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 2.2
    Christianity 1105 56.3
    Hinduism 45 2.3
    Judaism 29 1.5
    No Religion 725 37.0
    Others 14 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 78 7.6
    $1,500-$1,999 105 10.3
    $2,500-$2,999 248 24.2
    $3,000-$3,499 96 9.4
    $4,000 or more 137 13.4
    Others 359 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1056 54.8
    Not in the labour force 412 21.4
    Employed, worked part-time 331 17.2
    Employed, away from work 72 3.7
    Unemployed, looking for work 55 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 309 21.2
    Professionals 692 47.5
    Community & personal service workers 73 5.0
    Clerical & administrative workers 187 12.8
    Sales 78 5.4
    Others 118 8.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 65 18.4
    Secondary 47 13.3
    Technical or Further Educational Institution 38 10.7
    University or other Tertiary Institutions 161 45.5
    Other type of educational institution 25 7.1
    Others 18 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1146 57.2
    Separate house 451 22.5
    Semi-detached, row or terrace house, townhouse 406 20.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 590 53.4
    Fully owned 314 28.4
    Being purchased 197 17.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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