Suburb Profile Report for Picnic Point NSW (2213)

Picnic Point House: Median price $980,000, Annual capital growth 6.85%, Number of sales 101, Weekly median advertised rent $590

Picnic Point Unit: Median price $811,500, Annual capital growth 6.65%, Number of sales 19, Weekly median advertised rent $575

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2891th in the list of Australian suburbs ordered by increase in median house value over the last year, Picnic Point, 2213 is in the BOTTOM 40% with a property value increase of -0.25% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Picnic Point comes in at number 720th in NSW.

Our latest figures would indicate that property sellers in Picnic Point are currently offering property investors an average price cut of -7.84% below the asking price at the moment.

The NSW suburb of Picnic Point, 2213 is in the Bankstown local government area.

Over the last year, property investments in Picnic Point, 2213 have given investors a capital gain of 8.42%. This compares favourably with the 5.41% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Picnic Point,2213 has racked up an average of 8.42% over the period. This ranks it number 428th in the whole country for real estate investors looking at median house price increases.

Picnic Point, 2213 is offering NSW ‘s 299th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

Advertised rents are around the $575 mark per week – giving a return of 3.68% based on the median price in Suburb

HOUSE UNIT
$980,000 $811,500
2.35% 0.43%
-0.25% 8.42%
6.85% 6.65%
$590 $575
101 19
3.13% 3.68%
86.34 36

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (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
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