Suburb Profile Report for Summer Hill NSW (2130)

Summer Hill House: Median price $1,452,500, Annual capital growth 8.67%, Number of sales 49, Weekly median advertised rent $698

Summer Hill Unit: Median price $695,000, Annual capital growth 8.50%, Number of sales 86, Weekly median advertised rent $493

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Summer Hill, 2130 have given investors a capital gain of -3.17%. This compares very badly with the 6.38% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Summer Hill comes in at number 266th in NSW.

Property buyers and investors in Summer Hill 2130 should be seeing an average reduction in asking price of around -4.60% . This means that Summer Hill is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $697.5 and the average annual increase in value of a median property of 8.67%, investors should hope to achieve an overall return of 2.50%

If you compare the increase in value of investment property in Summer Hill, 2130 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.80%.

Taking the average capital gain, or increase in median house value, Summer Hill,2130 has racked up an average of -2.80% over the period. This ranks it number 499th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Summer Hill 2130 should be seeing an average reduction in asking price of around -3.50% . This means that Summer Hill is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Summer Hill have been waiting around 52.21 days to sell a property.

The NSW suburb of Summer Hill, 2130 is in the Ashfield local government area.

HOUSE UNIT
$1,452,500 $695,000
-0.26% 1.76%
-3.17% -2.80%
8.67% 8.50%
$698 $493
49 86
2.50% 3.68%
65 52.21

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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Recent sales & rentals