Suburb Profile Report for Mount Colah NSW (2079)

Mount Colah House: Median price $1,160,000, Annual capital growth 8.93%, Number of sales 79, Weekly median advertised rent $665

Mount Colah Unit: Median price $607,000, Annual capital growth -9.12%, Number of sales 25, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a solid capital gain of 22.11% for the last year, Mount Colah, 2079 is the 331th highest performer in Australia in this respect.

The five-year average increase in median property values for Mount Colah,2079 has given property investors a potential capital gain of 79.78% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Mount Colah itself are offering an average vendor discount of -4.35% to real estate investors.

In the last year 79 properties changed hands in Mount Colah, which puts it as the 406th most active market in NSW when comparing the number of sales per suburb.

Giving property investors a an unimpressive capital gain of -2.88% for the last year, Mount Colah, 2079 is the 1314th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Mount Colah has given property investors a paper return of 3.76%. This puts Suburb as 146 on a list of fastest fasting appreciating suburbs in NSW

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

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Located about 22km from Sydney CBD, and about five minutes from Hornsby CBD, Mount Colah is one to watch thanks to its relative affordability compared to neighbouring areas such as Asquith and Berowra.


Full summary

Located about 22km from Sydney CBD, and about five minutes from Hornsby CBD, Mount Colah is one to watch thanks to its relative affordability compared to neighbouring areas such as Asquith and Berowra.

Mount Colah is predominantly an owner-occupied suburb, with 37% of the population owning their homes, 49% paying their mortgages and 14% renting. It’s a very tightly held suburb, with owners holding onto their houses for an average of 10 years. Residents are generally affluent, earning an average weekly household income of $2,008 – compared to $1,367 across NSW.

Local shopping amenities are adequate, with a number of restaurants, convenience shops and corner stores located in the neighbouring suburbs of Mount Kuringai and Asquith. Mount Colah is also just a few minutes away from the massive Westfield Shopping Centre in Hornsby.

Mount Colah has its own train station and the suburb is serviced by regular buses to Hornsby and other areas. 

Free standing houses dominate the housing stock in the suburb – accounting for 94.4% of the suburb's stock – while 1.3% are units and 4% are townhouses, according to ABS figures.

Close
Metrics i HOUSE UNIT
$1,160,000 $607,000
6.91% 3.76%
22.11% -2.88%
8.93% -9.12%
$665 N/A
79 25
2.98% N/A
39.02 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Below average (U)
Find a mortgage broker in Mount Colah NSW
Demographics
Total population 7104
Median household income ($/weekly) 1994
Median age of persons 37
Median housing loan repayment ($/monthly) 2492
Average household size 3
  • Census Count Percent(%)
    5-14 years 1000 14.1
    25-34 years 751 10.6
    35-44 years 1052 14.8
    45-54 years 1250 17.6
    55-64 years 776 10.9
    Others 2276 32.0
    Age Group
    Census Count Percent(%)
    Registered Married 3063 57.6
    Not Married 1869 35.2
    Defacto Relationship 382 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5148 74.6
    Indonesia 122 1.8
    Papua New Guinea 135 2.0
    United Kingdom 410 5.9
    Other 345 5.0
    Others 738 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 119 1.8
    Christianity 4652 69.5
    Hinduism 89 1.3
    Islam 124 1.9
    No Religion 1648 24.6
    Others 62 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 277 13.7
    $2,000-$2,499 229 11.3
    $2,500-$2,999 314 15.5
    $3,000-$3,499 205 10.1
    $4,000 or more 149 7.4
    Others 846 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2475 45.0
    Not in the labour force 1436 26.1
    Employed, worked part-time 1231 22.4
    Employed, away from work 205 3.7
    Unemployed, looking for work 147 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 555 14.2
    Professionals 1027 26.2
    Technicians & trades workers 556 14.2
    Community & personal service workers 370 9.5
    Clerical & administrative workers 621 15.9
    Others 785 20.1
    Occupation
    Census Count Percent(%)
    Pre-school 192 9.5
    Infants/Primary 653 32.5
    Secondary 563 28.0
    Technical or Further Educational Institution 196 9.7
    University or other Tertiary Institutions 356 17.7
    Others 51 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6360 92.7
    Semi-detached, row or terrace house, townhouse 442 6.4
    Flat, unit or apartment 41 0.6
    House or flat attached to a shop, office 16 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1118 49.6
    Fully owned 823 36.5
    Rented 304 13.5
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals