Suburb Profile Report for Auburn NSW (2144)

Auburn House: Median price $870,000, Annual capital growth 8.61%, Number of sales 160, Weekly median advertised rent $500

Auburn Unit: Median price $525,000, Annual capital growth 7.18%, Number of sales 311, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Auburn has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.34%

When looking at the potential capital gains offered to property investors over the last 3 years, Auburn comes in at number 596th in NSW.

Sellers are offering property buyers an average discount of -7.43% to buyers in Auburn at the moment, which is less than average for the rest of NSW.

With the median price for a house in Auburn being $870000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.99%

At number 1577th in the list of Australian suburbs ordered by increase in median house value over the last year, Auburn, 2144 is in the BOTTOM 10% with a property value increase of -10.26% recorded in median house prices.

If we look at median property appreciation over just the last three months, Auburn has given property investors a paper return of 0.96%. This puts Suburb as 315 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Auburn is offering property investors an average of -4.33. This rate of discount on properties puts Suburb at number 63th in terms of most discounted suburbs in NSW

In the last year 311 properties changed hands in Auburn, which puts it as the 21th most active market in NSW when comparing the number of sales per suburb.

YIP MAG Information supplied by:

YIP MAG
June 2016

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After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.Full summary

After a stretch of outstanding growth there are signs that owners may be looking to leave the market in Auburn.

According to the latest figures from Real Estate Investar, the level of stock on market has increased 45% in the past 12 months, with the increase being spread across both houses and units.

Those who are selling are likely to make a decent profit, with the median house price currently at $900,000 after growing 86% in the last five years.

Unit prices have also been performing well, with a median price of $520,000, after 60% growth over the last five years. 

While there is a definite increase in the number of vendors in Auburn, it’s unlikely they’ll see a quick sale.

Houses in the Western Sydney suburb are currently taking 75 days to sell, while units are spending 56 days on the market.

Close
Metrics i HOUSE UNIT
$870,000 $525,000
0.00% 0.96%
-4.34% -10.26%
8.61% 7.18%
$500 $440
160 311
2.99% 4.36%
113.33 82.81

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 33122
Median household income ($/weekly) 968
Median age of persons 29
Median housing loan repayment ($/monthly) 1800
Average household size 3.3
  • Census Count Percent(%)
    5-14 years 4376 13.2
    20-24 years 3495 10.6
    25-34 years 6748 20.4
    35-44 years 4238 12.8
    45-54 years 3855 11.6
    Others 10410 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 12154 51.4
    Not Married 10997 46.5
    Defacto Relationship 511 2.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 10553 34.8
    Croatia 4409 14.6
    Indonesia 1653 5.5
    Turkey 2050 6.8
    Other 5477 18.1
    Others 6160 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 2369 7.9
    Christianity 7608 25.3
    Hinduism 1734 5.8
    Islam 13922 46.3
    No Religion 4067 13.5
    Others 399 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1021 12.5
    $600-$799 1051 12.9
    $800-$999 838 10.3
    $1,000-$1,249 882 10.8
    $1,500-$1,999 955 11.7
    Others 3427 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 11122 47.0
    Employed, worked full-time 6623 28.0
    Employed, worked part-time 3658 15.4
    Unemployed, looking for work 1348 5.7
    Employed, away from work 936 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1698 15.1
    Technicians & trades workers 1831 16.3
    Clerical & administrative workers 1405 12.5
    Machinery operators & drivers 1206 10.8
    Labourers 1792 16.0
    Others 3282 29.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 2409 26.7
    Secondary 2296 25.5
    Technical or Further Educational Institution 1218 13.5
    University or other Tertiary Institutions 1941 21.5
    Other type of educational institution 738 8.2
    Others 418 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16363 53.1
    Flat, unit or apartment 11523 37.4
    Semi-detached, row or terrace house, townhouse 2813 9.1
    House or flat attached to a shop, office 96 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3853 43.0
    Being purchased 2708 30.2
    Fully owned 2328 26.0
    Other tenure type 66 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals