Suburb Profile Report for Wakeley NSW (2176)

Wakeley House: Median price $713,000, Annual capital growth 7.04%, Number of sales 32, Weekly median advertised rent $480

Wakeley Unit: Median price $580,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Wakeley has done pretty 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 0.14%

Over the longer term, Wakeley has seen property prices show investors a 37.38% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -5.53% to buyers in Wakeley at the moment, which is less than average for the rest of NSW.

At number 1770 in a list of fastest selling suburbs, Wakeley is just in the top half of suburbs in Australia with an average of days on market 79.52 for properties listed there.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.50%, without taking into account capital value appreciation, which has been averaging out at 7.04%.

Our latest figures would indicate that property sellers in Wakeley are currently offering property investors an average price cut of -3.78% below the asking price at the moment.

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

HOUSE UNIT
$713,000 $580,000
2.22% N/A
0.14% N/A
7.04% N/A
$480 N/A
32 10
3.50% N/A
79.52 49.5

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 4670
Median household income ($/weekly) 1236
Median age of persons 36
Median housing loan repayment ($/monthly) 1990
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 601 12.9
    25-34 years 644 13.8
    35-44 years 612 13.1
    45-54 years 714 15.3
    55-64 years 600 12.8
    Others 1499 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 2005 54.6
    Not Married 1569 42.8
    Defacto Relationship 95 2.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1894 41.9
    Canada 144 3.2
    Ireland 606 13.4
    Viet Nam 594 13.1
    Other 478 10.6
    Others 805 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 869 19.3
    Christianity 3149 69.9
    Islam 93 2.1
    Other Religious Groups 39 0.9
    No Religion 328 7.3
    Others 26 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 131 10.8
    $600-$799 118 9.7
    $1,000-$1,249 142 11.7
    $1,500-$1,999 162 13.4
    $2,000-$2,499 117 9.7
    Others 542 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1511 41.4
    Employed, worked full-time 1323 36.2
    Employed, worked part-time 526 14.4
    Unemployed, looking for work 165 4.5
    Employed, away from work 129 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 269 13.6
    Technicians & trades workers 323 16.3
    Clerical & administrative workers 325 16.4
    Machinery operators & drivers 240 12.1
    Labourers 238 12.0
    Others 581 29.4
    Occupation
    Census Count Percent(%)
    Pre-school 77 6.8
    Infants/Primary 354 31.1
    Secondary 358 31.4
    Technical or Further Educational Institution 104 9.1
    University or other Tertiary Institutions 212 18.6
    Others 35 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3947 85.9
    Semi-detached, row or terrace house, townhouse 617 13.4
    Flat, unit or apartment 26 0.6
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 554 41.9
    Being purchased 532 40.3
    Rented 229 17.3
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals