Suburb Profile Report for Sutherland NSW (2232)

Sutherland House: Median price $1,185,000, Annual capital growth 8.92%, Number of sales 72, Weekly median advertised rent $620

Sutherland Unit: Median price $655,000, Annual capital growth 7.48%, Number of sales 278, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Sutherland, 2232 have given investors a capital gain of 8.27%. This compares badly with the 11.06% for NSW as a whole.

Sutherland,2232 was ranked 937 in Australia by increase in median property value over the quarter.

Sutherland, 2232 is offering NSW ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.

On average over the past year, suburb has had 6.00 sales per month, which equates to 72 per year.

With the median price for a house in Sutherland being $1185000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 2.72%

Sutherland is in the bottom 40% in NSW when comparing median price capital growth over the last year. Sutherland gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.80%.

While Sutherland,2232 ranked number 334th in NSW for increase in median house value (annualised) increase, it is ranked 242th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Sutherland is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 299th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 23.17 sales per month, which equates to 278 per year.

Advertised rents are around the $460 mark per week – giving a return of 3.65% based on the median price in Suburb

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Admittedly, the central Sutherland Shire suburb of Sutherland isn’t the closest to the CBD, at more than 22km from the centre of Sydney as the crow flies. However, there is a direct rail link to Central station and to Wollongong – trains take about half an hour to reach the centre of Sydney.

Full summary

Admittedly, the central Sutherland Shire suburb of Sutherland isn’t the closest to the CBD, at more than 22km from the centre of Sydney as the crow flies. However, there is a direct rail link to Central station and to Wollongong – trains take about half an hour to reach the centre of Sydney.

The suburb also well served for amenities: there are a wide range of independent and chain stores on the Old Princes Highway and the East Parade. There are four schools in the suburb, a number of churches, and the nearest hospital is in Miranda. Sutherland also acts as a hub to access the wildlife reserves and beaches in the rest of the Shire, and the nearby Royal National Park.

Apartments make up approximately 17% of properties in Sutherland, and are significantly more affordable than in surrounding suburbs, with only Jannali units coming close. Renters make up 30% of the residents, providing a healthy rental market.

White collar workers make up nearly a quarter of the population, and weekly incomes are significantly higher than the NSW average. While population growth isn't as high as in some other areas of Sydney, it still charts in at a respectable 3,000 people between 2005 to 2009 – a 2.5% increase.

The combination of lifestyle, affordability and sluggish growth suggests that Sutherland could be in line for a growth spurt.

Close
Metrics i HOUSE UNIT
$1,185,000 $655,000
3.95% 0.77%
8.27% 4.80%
8.92% 7.48%
$620 $460
72 278
2.72% 3.65%
43.38 34.89

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 9923
Median household income ($/weekly) 1375
Median age of persons 36
Median housing loan repayment ($/monthly) 2132
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 792 8.0
    25-34 years 2260 22.8
    35-44 years 1577 15.9
    45-54 years 1178 11.9
    55-64 years 892 9.0
    Others 3224 32.5
    Age Group
    Census Count Percent(%)
    Not Married 3433 45.9
    Registered Married 3079 41.2
    Defacto Relationship 963 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6958 75.6
    Croatia 163 1.8
    Papua New Guinea 200 2.2
    United Kingdom 443 4.8
    Other 486 5.3
    Others 949 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 155 1.7
    Christianity 6574 73.6
    Hinduism 97 1.1
    Islam 133 1.5
    No Religion 1901 21.3
    Others 75 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 373 9.3
    $1,250-$1,499 395 9.9
    $1,500-$1,999 605 15.1
    $2,000-$2,499 428 10.7
    $2,500-$2,999 411 10.3
    Others 1795 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3835 49.1
    Not in the labour force 2201 28.2
    Employed, worked part-time 1264 16.2
    Employed, away from work 294 3.8
    Unemployed, looking for work 218 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 618 11.5
    Professionals 1378 25.6
    Technicians & trades workers 727 13.5
    Community & personal service workers 546 10.1
    Clerical & administrative workers 987 18.3
    Others 1135 21.1
    Occupation
    Census Count Percent(%)
    Pre-school 160 8.9
    Infants/Primary 540 29.9
    Secondary 341 18.9
    Technical or Further Educational Institution 261 14.4
    University or other Tertiary Institutions 411 22.7
    Others 94 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4871 53.8
    Separate house 3157 34.8
    Semi-detached, row or terrace house, townhouse 1027 11.3
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1743 41.1
    Being purchased 1464 34.5
    Fully owned 1006 23.7
    Other tenure type 32 0.8
    Tenure Type
Census 2011, ABS
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