Suburb Profile Report for Ramsgate Beach NSW (2217)

Ramsgate Beach House: Median price $1,670,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $690

Ramsgate Beach Unit: Median price $782,500, Annual capital growth 10.85%, Number of sales 42, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

Advertised rents are around the $690 mark per week – giving a return of 2.15% based on the median price in Suburb

With a capital gain of -1.70% for the last 12 months, Ramsgate Beach, 2217 has performed for property investments than its average annual 10.85% property growth over the last 5 years.

Across a shorter period, Ramsgate Beach, 2217 has seen a median price increase of 0.00% over the last quarter.

Our latest figures would indicate that property sellers in Ramsgate Beach are currently offering property investors an average price cut of -3.96% below the asking price at the moment.

Using the current median advertised rental of $470 and the average annual increase in value of a median property of 10.85%, investors should hope to achieve an overall return of 3.12%

HOUSE UNIT
$1,670,000 $782,500
N/A 0.00%
N/A -1.70%
N/A 10.85%
$690 $470
10 42
2.15% 3.12%
N/A 66

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1462
Median household income ($/weekly) 1026
Median age of persons 45
Median housing loan repayment ($/monthly) 1900
Average household size 2
  • Census Count Percent(%)
    25-34 years 221 15.1
    35-44 years 204 14.0
    45-54 years 174 11.9
    55-64 years 193 13.2
    65-74 years 147 10.1
    Others 523 35.8
    Age Group
    Census Count Percent(%)
    Not Married 577 49.6
    Registered Married 502 43.2
    Defacto Relationship 84 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 895 65.2
    Fiji 39 2.8
    Hong Kong 52 3.8
    United Kingdom 41 3.0
    Other 116 8.5
    Others 229 16.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 1.6
    Christianity 1096 81.7
    Hinduism 23 1.7
    Islam 38 2.8
    No Religion 145 10.8
    Others 18 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 70 11.0
    $400-$599 86 13.5
    $600-$799 70 11.0
    $1,000-$1,249 59 9.2
    $1,500-$1,999 73 11.4
    Others 281 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 489 41.3
    Employed, worked full-time 446 37.7
    Employed, worked part-time 163 13.8
    Employed, away from work 48 4.1
    Unemployed, looking for work 37 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 71 10.8
    Professionals 148 22.5
    Technicians & trades workers 92 14.0
    Community & personal service workers 63 9.6
    Clerical & administrative workers 128 19.4
    Others 157 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 19 8.2
    Infants/Primary 72 31.2
    Secondary 56 24.2
    Technical or Further Educational Institution 31 13.4
    University or other Tertiary Institutions 45 19.5
    Others 8 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 652 47.5
    Separate house 607 44.2
    Semi-detached, row or terrace house, townhouse 114 8.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 296 44.8
    Rented 225 34.0
    Being purchased 140 21.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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