Suburb Profile Report for Picnic Point NSW (2213)

Picnic Point House: Median price $1,000,000, Annual capital growth 7.13%, Number of sales 100, Weekly median advertised rent $595

Picnic Point Unit: Median price $815,000, Annual capital growth 6.22%, Number of sales 24, Weekly median advertised rent $575

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Picnic Point has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Picnic Point,2213 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Picnic Point is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 345th in terms of most discounted suburbs in NSW

In the last year 100 properties changed hands in Picnic Point, which puts it as the 289th most active market in NSW when comparing the number of sales per suburb.

Picnic Point, 2213’s gross rental yield is 3.09%

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 1.24%.

Picnic Point,2213 was ranked 876 in Australia by increase in median property value over the quarter.

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 Picnic Point, 2213. Typically our figures indicate that -3.52% is being offered, which puts this NSW suburb at 1209th most discounted overall in Australia.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

With the median price for a house in Picnic Point being $815000 and the advertised rent reaching $575 the gross rental yield for property investors calculates out to be 3.67%

Metrics i HOUSE UNIT
$1,000,000 $815,000
2.56% 0.43%
0.00% 1.24%
7.13% 6.22%
$595 $575
100 24
3.09% 3.67%
83.13 37.82

Source: CoreLogic

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