Suburb Profile Report for Picnic Point NSW (2213)

Picnic Point House: Median price $1,133,000, Annual capital growth 8.69%, Number of sales 100, Weekly median advertised rent $600

Picnic Point Unit: Median price $817,500, Annual capital growth 6.57%, Number of sales 21, Weekly median advertised rent $540

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

Source: CoreLogic

  • House Report
  • Unit Report

Picnic Point is in the TOP 20% in NSW when comparing median price capital growth over the last year. Picnic Point gave property investors a very good capital gain figure when compared to the rest of the state, with 17.71%.

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

Our latest figures would indicate that property sellers in Picnic Point are currently offering property investors an average price cut of -4.98% below the asking price at the moment.

In the last year 100 properties changed hands in Picnic Point, which puts it as the 297th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $600 weekly from the median priced house in this suburb.

NSW has seen average median house prices change by 8.01% which means that Picnic Point, 2213 has done well for property investors by showing a capital gain of 1.55% over the last year

Over the longer term, Picnic Point has seen property prices show investors a 27.24% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in NSW

Residents and property investors in Picnic Point have been waiting around 37.84 days to sell a property.

With the median price for a house in Picnic Point being $817500 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.43%

Metrics i HOUSE UNIT
$1,133,000 $817,500
7.71% 0.74%
17.71% 1.55%
8.69% 6.57%
$600 $540
100 21
2.75% 3.43%
76.25 37.84

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Picnic Point NSW
Demographics
Total population 5608
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2232
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 763 13.6
    25-34 years 582 10.4
    35-44 years 822 14.7
    45-54 years 833 14.9
    55-64 years 702 12.5
    Others 1906 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 2574 60.6
    Not Married 1493 35.2
    Defacto Relationship 178 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4540 83.6
    Malaysia 70 1.3
    Papua New Guinea 67 1.2
    United Kingdom 141 2.6
    Other 130 2.4
    Others 482 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 87 1.6
    Christianity 4485 83.8
    Hinduism 34 0.6
    Islam 127 2.4
    No Religion 605 11.3
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 143 8.4
    $1,500-$1,999 217 12.7
    $2,000-$2,499 199 11.7
    $2,500-$2,999 174 10.2
    $3,000-$3,499 164 9.6
    Others 811 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1834 42.4
    Not in the labour force 1316 30.4
    Employed, worked part-time 897 20.7
    Employed, away from work 172 4.0
    Unemployed, looking for work 108 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 447 15.4
    Professionals 596 20.5
    Technicians & trades workers 438 15.1
    Community & personal service workers 230 7.9
    Clerical & administrative workers 671 23.1
    Others 519 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 109 7.8
    Infants/Primary 499 35.6
    Secondary 407 29.0
    Technical or Further Educational Institution 134 9.6
    University or other Tertiary Institutions 220 15.7
    Others 33 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4605 84.6
    Semi-detached, row or terrace house, townhouse 819 15.0
    Flat, unit or apartment 11 0.2
    House or flat attached to a shop, office 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 834 44.5
    Being purchased 791 42.2
    Rented 242 12.9
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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