Suburb Profile Report for Cabramatta NSW (2166)

Cabramatta House: Median price $860,544, Annual capital growth 9.52%, Number of sales 80, Weekly median advertised rent $430

Cabramatta Unit: Median price $434,500, Annual capital growth 9.90%, Number of sales 166, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Cabramatta is in the bottom 30% in NSW when comparing median price capital growth over the last year. Cabramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.24%.

While Cabramatta,2166 ranked number 151th in NSW for increase in median house value (annualised) increase, it is ranked 305th over the last 5 years.

Property buyers and investors in Cabramatta 2166 should be seeing an average reduction in asking price of around -6.06% . This means that Cabramatta is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.

Using the current median advertised rental of $430 and the average annual increase in value of a median property of 9.52%, investors should hope to achieve an overall return of 2.60%

Investment property in Cabramatta has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.84%

When looking at the potential capital gains offered to property investors over the last 3 years, Cabramatta comes in at number 217th in NSW.

At number 22th of NSW’s most discounted properties, Cabramatta is in the bottom 10% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 13.83 sales per month, which equates to 166 per year.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.07%, without taking into account capital value appreciation, which has been averaging out at 9.90%.

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South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.Full summary

South-west Sydney suburb Cabramatta is situated 25km from the Sydney CBD and sandwiched between the suburbs of Fairfield and Liverpool. There are direct rail links to both the Sydney CBD and Parramatta, and the suburb also provides easy access to the Hume Highway.

Cabramatta's median unit price compares well with neighbouring suburbs, such as northern neighbour Canley Vale and Fairfield.

It’s known primarily as Sydney’s ‘Little Asia’, with ABS figures estimating that around 60% of residents were born overseas, half of those from Asia. One of the key drivers for the area is its fast-growing population: the ABS estimates the population for the wider Fairfield area increased by around 6,000 people between 2005 and 2009.

It’s been one of the best performers in Sydney in recent months – increasing in value by 15% over the last year – and that’s all down to homebuyers’ quests for affordable properties within the city limits. However, even investors with the loosest knowledge of Sydney are likely to be aware that these suburbs don’t have the best of reputations. Residex CEO John Edwards argues that it’s more important than ever to do your due diligence before buying.

“Well-located units will be the ones that do well, and you should be careful to size up the surrounding units to ensure that you’re in better parts of the suburb,” he says. “However, if you get it right there’s potential for good outcomes as these areas benefit from the ripple effect.”

Close
Metrics i HOUSE UNIT
$860,544 $434,500
7.57% 1.05%
6.24% 2.84%
9.52% 9.90%
$430 $340
80 166
2.60% 4.07%
102.02 76.99

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Cabramatta NSW
Demographics
Total population 20780
Median household income ($/weekly) 780
Median age of persons 36
Median housing loan repayment ($/monthly) 1300
Average household size 3
  • Census Count Percent(%)
    5-14 years 2902 14.0
    25-34 years 2826 13.6
    35-44 years 3203 15.4
    45-54 years 3049 14.7
    55-64 years 2163 10.4
    Others 6637 31.9
    Age Group
    Census Count Percent(%)
    Not Married 8011 52.8
    Registered Married 6653 43.9
    Defacto Relationship 501 3.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6106 31.6
    Canada 1942 10.1
    Croatia 1080 5.6
    Viet Nam 6769 35.1
    Other 1399 7.2
    Others 2013 10.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 10302 53.9
    Christianity 6020 31.5
    Islam 321 1.7
    Other Religious Groups 83 0.4
    No Religion 2338 12.2
    Others 55 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 848 15.0
    $600-$799 832 14.7
    $800-$999 652 11.5
    $1,000-$1,249 562 9.9
    $1,500-$1,999 527 9.3
    Others 2250 39.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7589 50.0
    Employed, worked full-time 4069 26.8
    Employed, worked part-time 1938 12.8
    Unemployed, looking for work 1052 6.9
    Employed, away from work 538 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 658 10.1
    Technicians & trades workers 944 14.4
    Clerical & administrative workers 653 10.0
    Machinery operators & drivers 1028 15.7
    Labourers 1501 22.9
    Others 1761 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 263 5.3
    Infants/Primary 1536 30.8
    Secondary 1504 30.1
    Technical or Further Educational Institution 667 13.4
    University or other Tertiary Institutions 773 15.5
    Others 246 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8995 45.9
    Flat, unit or apartment 6415 32.8
    Semi-detached, row or terrace house, townhouse 4161 21.3
    House or flat attached to a shop, office 7 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2649 43.4
    Fully owned 1736 28.4
    Being purchased 1670 27.3
    Other tenure type 53 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals