Suburb Profile Report for Mcmahons Point NSW (2060)

Mcmahons Point House: Median price $2,932,000, Annual capital growth 11.73%, Number of sales 26, Weekly median advertised rent $1,000

Mcmahons Point Unit: Median price $1,075,000, Annual capital growth 9.57%, Number of sales 65, Weekly median advertised rent $595

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 11.70% for the last 12 months, Mcmahons Point, 2060 has performed for property investments than its average annual 11.73% property growth over the last 5 years.

Mcmahons Point,2060 was ranked 32 in Australia by increase in median property value over the quarter.

A $1000 per week rent on the median house gives suburb investors a gross yield of circa 1.77%, without taking into account capital value appreciation, which has been averaging out at 11.73%.

Mcmahons Point, 2060 ranked 487th 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

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

At number 392th of NSW’s most discounted properties, Mcmahons Point is in the TOP 20% of the state/territory when listing in order of most discounted to least.

At number 22 in a list of fastest selling suburbs, Mcmahons Point is in the TOP 10% of suburbs in Australia with an average of days on market 25 for properties listed there.

Property investors should expect to get $595 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,932,000 $1,075,000
21.79% 2.38%
11.70% -4.02%
11.73% 9.57%
$1,000 $595
26 65
1.77% 2.88%
N/A 25

Source: CoreLogic

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