Suburb Profile Report for Picnic Point NSW (2213)

Picnic Point House: Median price $1,020,000, Annual capital growth 7.56%, Number of sales 105, Weekly median advertised rent $600

Picnic Point Unit: Median price $811,500, Annual capital growth 6.07%, Number of sales 22, Weekly median advertised rent $585

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.49% for the last 12 months, Picnic Point, 2213 has performed for property investments than its average annual 7.56% property growth over the last 5 years.

Across a shorter period, Picnic Point, 2213 has seen a median price increase of 4.08% over the last quarter.

Vendor discounting in Picnic Point is giving property investors an average Vendor Discount of around -5.41%. This puts suburb at number 536th in NSW when ranking the most discounted suburbs.

At number 1797 in a list of fastest selling suburbs, Picnic Point is just in the top half of suburbs in Australia with an average of days on market 77.78 for properties listed there.

Renters in Suburb are facing rents around $7200 per annum or $600 every week.

If you compare the increase in value of investment property in Picnic Point, 2213 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.81%.

Over the longer term, Picnic Point has seen property prices show investors a 26.80% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -3.50% to buyers in Picnic Point at the moment, which is less than average for the rest of NSW.

Picnic Point, 2213’s gross rental yield is 3.75%

Metrics i HOUSE UNIT
$1,020,000 $811,500
4.08% N/A
1.49% 0.81%
7.56% 6.07%
$600 $585
105 22
3.06% 3.75%
77.78 37.75

Source: CoreLogic

DSR Score for property investment : Very good (U), Above average (H)
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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
Chart Table
Recent sales & rentals