Suburb Profile Report for Turrella NSW (2205)

Turrella House: Median price $1,080,000, Annual capital growth 8.77%, Number of sales 14, Weekly median advertised rent $650

Turrella Unit: Median price $720,000, Annual capital growth 4.39%, Number of sales 26, Weekly median advertised rent $590

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Turrella, 2205 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.10%.

Taking the average capital gain, or increase in median house value, Turrella,2205 has racked up an average of -7.10% over the period. This ranks it number 1515th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.13%, without taking into account capital value appreciation, which has been averaging out at 8.77%.

Investment property in Turrella 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 2.13%

When looking at the potential capital gains offered to property investors over the last 3 years, Turrella comes in at number 370th in NSW.

Turrella, 2205 is offering NSW ‘s 122th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

At number 386 in a list of fastest selling suburbs, Turrella is in the TOP 30% of suburbs in Australia with an average of days on market 57.57 for properties listed there.

Metrics i HOUSE UNIT
$1,080,000 $720,000
N/A 1.41%
-7.10% 2.13%
8.77% 4.39%
$650 $590
14 26
3.13% 4.26%
N/A 57.57

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1599
Median household income ($/weekly) 1296
Median age of persons 34
Median housing loan repayment ($/monthly) 2383
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 272 17.0
    25-34 years 210 13.1
    35-44 years 245 15.3
    45-54 years 198 12.4
    55-64 years 175 10.9
    Others 500 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 621 54.3
    Not Married 455 39.8
    Defacto Relationship 67 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 921 60.4
    Croatia 92 6.0
    Germany 90 5.9
    Malaysia 152 10.0
    Other 76 5.0
    Others 194 12.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 3.7
    Christianity 696 46.2
    Hinduism 15 1.0
    Islam 533 35.4
    No Religion 186 12.4
    Others 20 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 42 10.5
    $600-$799 37 9.3
    $800-$999 34 8.5
    $1,500-$1,999 49 12.3
    $2,000-$2,499 36 9.0
    Others 201 50.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 482 42.2
    Employed, worked full-time 410 35.9
    Employed, worked part-time 160 14.0
    Unemployed, looking for work 46 4.0
    Employed, away from work 45 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 74 12.0
    Professionals 106 17.2
    Technicians & trades workers 93 15.1
    Clerical & administrative workers 116 18.9
    Labourers 70 11.4
    Others 156 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 32 7.5
    Infants/Primary 159 37.1
    Secondary 107 24.9
    Technical or Further Educational Institution 45 10.5
    University or other Tertiary Institutions 63 14.7
    Others 23 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1402 90.4
    Semi-detached, row or terrace house, townhouse 130 8.4
    Flat, unit or apartment 19 1.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 191 42.2
    Being purchased 176 38.9
    Rented 82 18.1
    Other tenure type 4 0.9
    Tenure Type
Census 2011, ABS
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