Suburb Profile Report for Girraween NSW (2145)

Girraween House: Median price $844,500, Annual capital growth 7.77%, Number of sales 44, Weekly median advertised rent $490

Girraween Unit: Median price $654,975, Annual capital growth 7.37%, Number of sales 54, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.15% which means that Girraween, 2145 has done well for property investors by showing a capital gain of 8.55% over the last year

A 73.94% growth in median value for property investors in Girraween,2145 puts this suburb at number 743th in terms of best performing suburbs in NSW

Property buyers and investors in Girraween 2145 should be seeing an average reduction in asking price of around -4.77% . This means that Girraween is holding prices well when compared to other suburbs in NSW.

In the last year 44 properties changed hands in Girraween, which puts it as the 730th most active market in NSW when comparing the number of sales per suburb.

A $490 per week rent on the median house gives suburb investors a gross yield of circa 3.02%, without taking into account capital value appreciation, which has been averaging out at 7.77%.

NSW has seen average median house prices change by 6.59% which means that Girraween, 2145 has done well for property investors by showing a capital gain of 11.49% over the last year

Girraween,2145 has offered an average of 11.49% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -3.99% to buyers in Girraween at the moment, which is less than average for the rest of NSW.

In the last year 54 properties changed hands in Girraween, which puts it as the 241th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 7.37%, investors should hope to achieve an overall return of 3.57%

HOUSE UNIT
$844,500 $654,975
0.54% 0.77%
8.55% 11.49%
7.77% 7.37%
$490 $450
44 54
3.02% 3.57%
47.53 69.51

Source: CoreLogic

DSR Score for property investment : Above average (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