Suburb Profile Report for Connells Point NSW (2221)

Connells Point House: Median price $1,757,500, Annual capital growth 7.74%, Number of sales 41, Weekly median advertised rent $795

Connells Point Unit: Median price $997,500, Annual capital growth 8.16%, Number of sales 16, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1620th in the list of Australian suburbs ordered by increase in median house value over the last year, Connells Point, 2221 is in the top 40% with a property value increase of 7.49% recorded in median house prices.

While Connells Point,2221 ranked number 948th in NSW for increase in median house value (annualised) increase, it is ranked 634th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Connells Point is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 54th in terms of most discounted suburbs in NSW

Using the current median advertised rental of $795 and the average annual increase in value of a median property of 7.74%, investors should hope to achieve an overall return of 2.35%

If you compare the increase in value of investment property in Connells Point, 2221 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.03%.

Situated 12.11km from the CBD, Connells Point is one of Kogarah localities in the postcode 2221.

Metrics i HOUSE UNIT
$1,757,500 $997,500
1.01% -12.69%
7.49% 13.03%
7.74% 8.16%
$795 $600
41 16
2.35% 3.13%
85.05 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2702
Median household income ($/weekly) 1834
Median age of persons 42
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 377 13.9
    35-44 years 374 13.8
    45-54 years 423 15.6
    55-64 years 354 13.1
    65-74 years 244 9.0
    Others 931 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1259 61.4
    Not Married 741 36.2
    Defacto Relationship 49 2.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1928 74.4
    Croatia 128 4.9
    Hong Kong 62 2.4
    United Kingdom 68 2.6
    Other 85 3.3
    Others 322 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 2.9
    Christianity 2097 83.0
    Hinduism 23 0.9
    Islam 37 1.5
    No Religion 290 11.5
    Others 8 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 65 8.4
    $1,500-$1,999 97 12.5
    $2,000-$2,499 68 8.8
    $2,500-$2,999 90 11.6
    $4,000 or more 100 12.9
    Others 354 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 811 38.4
    Not in the labour force 790 37.4
    Employed, worked part-time 374 17.7
    Employed, away from work 91 4.3
    Unemployed, looking for work 45 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 238 18.7
    Professionals 338 26.5
    Technicians & trades workers 128 10.0
    Clerical & administrative workers 254 19.9
    Sales 129 10.1
    Others 187 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 50 7.0
    Infants/Primary 243 34.0
    Secondary 223 31.2
    Technical or Further Educational Institution 47 6.6
    University or other Tertiary Institutions 142 19.9
    Others 9 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2261 87.6
    Semi-detached, row or terrace house, townhouse 318 12.3
    House or flat attached to a shop, office 3 0.1
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 462 52.4
    Being purchased 329 37.3
    Rented 84 9.5
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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