Suburb Profile Report for Connells Point NSW (2221)

Connells Point House: Median price $1,845,250, Annual capital growth 8.70%, Number of sales 35, Weekly median advertised rent $750

Connells Point Unit: Median price $1,125,000, Annual capital growth 9.53%, Number of sales 16, Weekly median advertised rent $580

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Connells Point has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.83%

Comparing Connells Point,2221 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Connells Point 2221 should be seeing an average reduction in asking price of around -13.15% . This means that Connells Point is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Using the current median advertised rental of $750 and the average annual increase in value of a median property of 8.70%, investors should hope to achieve an overall return of 2.11%

Over the last year, property investments in Connells Point, 2221 have given investors a capital gain of 27.62%. This compares very favourably with the 8.01% for NSW as a whole.

Metrics i HOUSE UNIT
$1,845,250 $1,125,000
3.67% N/A
11.83% 27.62%
8.70% 9.53%
$750 $580
35 16
2.11% 2.68%
89 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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
Chart Table
Recent sales & rentals