Suburb Profile Report for Ramsgate NSW (2217)

Ramsgate House: Median price $1,310,000, Annual capital growth 11.84%, Number of sales 10, Weekly median advertised rent $700

Ramsgate Unit: Median price $695,000, Annual capital growth 7.45%, Number of sales 28, Weekly median advertised rent $570

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Ramsgate, 2217 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 28.75%

If we look at median property appreciation over just the last three months, Ramsgate has given property investors a paper return of 31.59%. This puts Suburb as 3 on a list of fastest fasting appreciating suburbs in NSW

A $700 per week rent on the median house gives suburb investors a gross yield of circa 2.78%, without taking into account capital value appreciation, which has been averaging out at 11.84%.

Property value increases in Ramsgate have tracked close to the NSW average of 5.41% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ramsgate,2217 has racked up an average of 6.11% over the period. This ranks it number 438th in the whole country for real estate investors looking at median house price increases.

Advertised rents are around the $570 mark per week – giving a return of 4.26% based on the median price in Suburb

HOUSE UNIT
$1,310,000 $695,000
31.59% 12.10%
28.75% 6.11%
11.84% 7.45%
$700 $570
10 28
2.78% 4.26%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 903
Median household income ($/weekly) 1483
Median age of persons 40
Median housing loan repayment ($/monthly) 2349
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 108 11.9
    25-34 years 105 11.6
    35-44 years 157 17.4
    45-54 years 108 11.9
    55-64 years 117 12.9
    Others 309 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 350 50.8
    Not Married 311 45.1
    Defacto Relationship 28 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 575 69.0
    Fiji 38 4.6
    Hong Kong 39 4.7
    United Kingdom 29 3.5
    Other 36 4.3
    Others 116 13.9
    Country of Birth
    Census Count Percent(%)
    Christianity 674 82.3
    No Religion 90 11.0
    Islam 32 3.9
    Buddhism 14 1.7
    Hinduism 9 1.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 22 8.4
    $1,000-$1,249 31 11.8
    $1,500-$1,999 30 11.4
    $2,000-$2,499 26 9.9
    $2,500-$2,999 28 10.6
    Others 126 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 275 39.8
    Not in the labour force 246 35.6
    Employed, worked part-time 119 17.2
    Unemployed, looking for work 31 4.5
    Employed, away from work 20 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 62 14.9
    Professionals 76 18.3
    Technicians & trades workers 71 17.1
    Clerical & administrative workers 75 18.0
    Sales 35 8.4
    Others 97 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 13 7.1
    Infants/Primary 66 36.3
    Secondary 49 26.9
    Technical or Further Educational Institution 18 9.9
    University or other Tertiary Institutions 33 18.1
    Others 3 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 697 83.1
    Flat, unit or apartment 92 11.0
    Semi-detached, row or terrace house, townhouse 44 5.2
    Improvised home, tent, sleepers out 3 0.4
    House or flat attached to a shop, office 3 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 129 44.2
    Being purchased 97 33.2
    Rented 63 21.6
    Other tenure type 3 1.0
    Tenure Type
Census 2011, ABS
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