Suburb Profile Report for Girraween NSW (2145)

Girraween House: Median price $910,000, Annual capital growth 8.81%, Number of sales 49, Weekly median advertised rent $490

Girraween Unit: Median price $699,990, Annual capital growth 8.64%, Number of sales 68, Weekly median advertised rent $473

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

Source: CoreLogic

  • House Report
  • Unit Report

Girraween is an average performer in NSW when comparing median price capital growth over the last year. Girraween gave property investors a good capital gain figure when compared to the rest of the state, with 11.66%.

While Girraween,2145 ranked number 966th in NSW for increase in median house value (annualised) increase, it is ranked 333th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.35% offered to property buyers. Sellers in Girraween itself are offering an average vendor discount of -6.66% to real estate investors.

At number 1079 in a list of fastest selling suburbs, Girraween is in the TOP 30% of suburbs in Australia with an average of days on market 60.93 for properties listed there.

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 8.81%, investors should hope to achieve an overall return of 2.80%

At number 558th in the list of Australian suburbs ordered by increase in median house value over the last year, Girraween, 2145 is in the top 40% with a property value increase of 7.69% recorded in median house prices.

Girraween,2145 was ranked 1022 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -3.85% to buyers in Girraween at the moment, which is less than average for the rest of NSW.

Metrics i HOUSE UNIT
$910,000 $699,990
1.28% 0.00%
11.66% 7.69%
8.81% 8.64%
$490 $473
49 68
2.80% 3.51%
60.93 71.96

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 4691
Median household income ($/weekly) 1315
Median age of persons 35
Median housing loan repayment ($/monthly) 2150
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 686 14.6
    25-34 years 718 15.3
    35-44 years 756 16.1
    45-54 years 643 13.7
    55-64 years 442 9.4
    Others 1447 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 1984 57.5
    Not Married 1329 38.5
    Defacto Relationship 139 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2093 46.6
    Indonesia 743 16.6
    Netherlands 168 3.7
    Sri Lanka 463 10.3
    Other 275 6.1
    Others 745 16.6
    Country of Birth
    Census Count Percent(%)
    Christianity 2349 53.1
    Hinduism 1293 29.2
    Islam 211 4.8
    Other Religious Groups 120 2.7
    No Religion 361 8.2
    Others 92 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 150 10.5
    $1,250-$1,499 133 9.3
    $1,500-$1,999 204 14.2
    $2,000-$2,499 152 10.6
    $2,500-$2,999 131 9.1
    Others 663 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1431 41.1
    Not in the labour force 1289 37.1
    Employed, worked part-time 506 14.5
    Unemployed, looking for work 146 4.2
    Employed, away from work 106 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 184 9.0
    Professionals 474 23.3
    Technicians & trades workers 284 13.9
    Clerical & administrative workers 393 19.3
    Sales 174 8.5
    Others 528 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 85 7.1
    Infants/Primary 440 36.9
    Secondary 304 25.5
    Technical or Further Educational Institution 128 10.7
    University or other Tertiary Institutions 195 16.3
    Others 41 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2667 58.8
    Semi-detached, row or terrace house, townhouse 1519 33.5
    Flat, unit or apartment 350 7.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 582 37.7
    Fully owned 504 32.6
    Rented 450 29.1
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals