Suburb Profile Report for Mcmahons Point NSW (2060)

Mcmahons Point House: Median price $2,400,000, Annual capital growth 10.15%, Number of sales 21, Weekly median advertised rent $1,100

Mcmahons Point Unit: Median price $983,000, Annual capital growth 7.19%, Number of sales 51, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3083th in the list of Australian suburbs ordered by increase in median house value over the last year, Mcmahons Point, 2060 is in the BOTTOM 30% with a property value increase of -1.54% recorded in median house prices.

Comparing Mcmahons Point,2060 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Mcmahons Point is an average performer in NSW when comparing median price capital growth over the last year. Mcmahons Point gave property investors a average capital gain figure when compared to the rest of the state, with 5.70%.

The five-year average increase in median property values for Mcmahons Point,2060 has given property investors a potential capital gain of 41.44% across each of those five years.

Sellers are offering property buyers an average discount of -3.25% to buyers in Mcmahons Point at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 7.19%, investors should hope to achieve an overall return of 3.17%

HOUSE UNIT
$2,400,000 $983,000
-8.57% -8.56%
-1.54% 5.70%
10.15% 7.19%
$1,100 $600
21 51
2.38% 3.17%
N/A 27.84

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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