Suburb Profile Report for Turrella NSW (2205)

Turrella House: Median price $1,260,000, Annual capital growth 11.18%, Number of sales 14, Weekly median advertised rent $650

Turrella Unit: Median price $720,000, Annual capital growth 4.35%, Number of sales 40, Weekly median advertised rent $590

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 25.37% for the last 12 months, Turrella, 2205 has performed for property investments than its average annual 11.18% property growth over the last 5 years.

Comparing Turrella,2205 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

In the last year 14 properties changed hands in Turrella, which puts it as the 1303th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 11.18%, investors should hope to achieve an overall return of 2.68%

At number 1031th in the list of Australian suburbs ordered by increase in median house value over the last year, Turrella, 2205 is in the BOTTOM 50% with a property value increase of 1.77% recorded in median house prices.

A 20.00% growth in median value for property investors in Turrella,2205 puts this suburb at number 392th in terms of best performing suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Turrella, 2205. Typically our figures indicate that -5.00% is being offered, which puts this NSW suburb at 716th most discounted overall in Australia.

Often selling an investment property can take time, and in Turrella the average time real estate has been on the market is 69.88 days.

A $590 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 4.35%.

Metrics i HOUSE UNIT
$1,260,000 $720,000
16.67% 0.00%
25.37% 1.77%
11.18% 4.35%
$650 $590
14 40
2.68% 4.26%
N/A 69.88

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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