Suburb Profile Report for Summer Hill NSW (2130)

Summer Hill House: Median price $1,471,250, Annual capital growth 8.04%, Number of sales 44, Weekly median advertised rent $730

Summer Hill Unit: Median price $735,000, Annual capital growth 8.14%, Number of sales 83, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Summer Hill have tracked lower than the NSW average of 7.47% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Summer Hill comes in at number 700th in NSW.

Summer Hill, 2130 is offering NSW ‘s 770th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

In the last year 44 properties changed hands in Summer Hill, which puts it as the 723th most active market in NSW when comparing the number of sales per suburb.

Property investors who have had real estate in Summer Hill, 2130 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.08%

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

Vendor discounting in Summer Hill is giving property investors an average Vendor Discount of around -4.01%. This puts suburb at number 259th in NSW when ranking the most discounted suburbs.

Residents and property investors in Summer Hill have been waiting around 53.68 days to sell a property.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 8.14%.

Metrics i HOUSE UNIT
$1,471,250 $735,000
1.29% 5.00%
-1.92% 2.08%
8.04% 8.14%
$730 $480
44 83
2.58% 3.40%
64.9 53.68

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6586
Median household income ($/weekly) 1570
Median age of persons 35
Median housing loan repayment ($/monthly) 2100
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 514 7.8
    25-34 years 1529 23.2
    35-44 years 1214 18.4
    45-54 years 897 13.6
    55-64 years 639 9.7
    Others 1793 27.2
    Age Group
    Census Count Percent(%)
    Not Married 2306 47.0
    Registered Married 1868 38.1
    Defacto Relationship 729 14.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3838 62.2
    Croatia 372 6.0
    Papua New Guinea 164 2.7
    United Kingdom 298 4.8
    Other 487 7.9
    Others 1015 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 255 4.3
    Christianity 3025 51.2
    Hinduism 208 3.5
    Islam 92 1.6
    No Religion 2239 37.9
    Others 85 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 222 9.0
    $1,250-$1,499 215 8.7
    $1,500-$1,999 340 13.7
    $2,000-$2,499 240 9.7
    $2,500-$2,999 290 11.7
    Others 1167 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2532 47.9
    Not in the labour force 1326 25.1
    Employed, worked part-time 1036 19.6
    Unemployed, looking for work 201 3.8
    Employed, away from work 191 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 496 13.2
    Professionals 1473 39.2
    Technicians & trades workers 331 8.8
    Community & personal service workers 309 8.2
    Clerical & administrative workers 558 14.8
    Others 591 15.7
    Occupation
    Census Count Percent(%)
    Pre-school 104 7.0
    Infants/Primary 347 23.4
    Secondary 251 16.9
    Technical or Further Educational Institution 169 11.4
    University or other Tertiary Institutions 541 36.5
    Others 71 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2862 48.8
    Separate house 1820 31.1
    Semi-detached, row or terrace house, townhouse 1103 18.8
    House or flat attached to a shop, office 76 1.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1306 49.3
    Being purchased 780 29.4
    Fully owned 555 21.0
    Other tenure type 8 0.3
    Tenure Type
Census 2011, ABS
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