Suburb Profile Report for Padstow NSW (2211)

Padstow House: Median price $1,035,000, Annual capital growth 9.07%, Number of sales 163, Weekly median advertised rent $550

Padstow Unit: Median price $777,500, Annual capital growth 7.76%, Number of sales 66, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Padstow 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 8.95%

Padstow,2211 has offered an average of 8.95% return per annum in house price rises to property investors over the last three years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Padstow itself are offering an average vendor discount of -4.51% to real estate investors.

At number 943 in a list of fastest selling suburbs, Padstow is in the TOP 30% of suburbs in Australia with an average of days on market 53.72 for properties listed there.

Padstow, 2211’s gross rental yield is 2.76%

Property value increases in Padstow have tracked higher than the NSW average of 8.63% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Padstow has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Padstow is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 68th in terms of most discounted suburbs in NSW

Metrics i HOUSE UNIT
$1,035,000 $777,500
3.40% 6.51%
8.95% 20.92%
9.07% 7.76%
$550 $500
163 66
2.76% 3.34%
53.72 52.5

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 12716
Median household income ($/weekly) 1272
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1521 12.0
    25-34 years 1654 13.0
    35-44 years 1682 13.2
    45-54 years 1961 15.4
    55-64 years 1492 11.7
    Others 4406 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 5001 51.0
    Not Married 4290 43.7
    Defacto Relationship 519 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7876 65.0
    Croatia 712 5.9
    Malaysia 257 2.1
    Viet Nam 468 3.9
    Other 593 4.9
    Others 2205 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 699 5.9
    Christianity 8403 71.0
    Hinduism 211 1.8
    Islam 610 5.2
    No Religion 1799 15.2
    Others 118 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 385 9.6
    $1,000-$1,249 351 8.7
    $1,250-$1,499 346 8.6
    $1,500-$1,999 460 11.4
    $2,000-$2,499 440 10.9
    Others 2048 50.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3932 39.5
    Not in the labour force 3729 37.5
    Employed, worked part-time 1589 16.0
    Employed, away from work 376 3.8
    Unemployed, looking for work 322 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 631 10.7
    Professionals 1174 19.9
    Technicians & trades workers 871 14.8
    Clerical & administrative workers 1172 19.9
    Sales 539 9.1
    Others 1507 25.6
    Occupation
    Census Count Percent(%)
    Pre-school 172 5.9
    Infants/Primary 969 33.4
    Secondary 838 28.9
    Technical or Further Educational Institution 291 10.0
    University or other Tertiary Institutions 552 19.1
    Others 75 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9117 74.6
    Semi-detached, row or terrace house, townhouse 2175 17.8
    Flat, unit or apartment 835 6.8
    House or flat attached to a shop, office 95 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1635 37.7
    Being purchased 1501 34.6
    Rented 1174 27.1
    Other tenure type 29 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals