Suburb Profile Report for Avoca Beach NSW (2251)

Avoca Beach House: Median price $900,000, Annual capital growth 5.28%, Number of sales 85, Weekly median advertised rent $555

Avoca Beach Unit: Median price $860,000, Annual capital growth 4.68%, Number of sales 30, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 13.56% for the last 12 months, Avoca Beach, 2251 has performed for property investments than its average annual 5.28% property growth over the last 5 years.

Avoca Beach,2251 was ranked 1319 in Australia by increase in median property value over the quarter.

Property buyers and investors in Avoca Beach 2251 should be seeing an average reduction in asking price of around -5.37% . This means that Avoca Beach is holding prices well when compared to other suburbs in NSW.

In the last year 85 properties changed hands in Avoca Beach, which puts it as the 365th most active market in NSW when comparing the number of sales per suburb.

Avoca Beach is in the TOP 10% in NSW when comparing median price capital growth over the last year. Avoca Beach gave property investors a very good capital gain figure when compared to the rest of the state, with 26.94%.

Across a shorter period, Avoca Beach, 2251 has seen a median price increase of 10.97% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Avoca Beach is offering property investors an average of -4.14. This rate of discount on properties puts Suburb at number 214th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Avoca Beach the average time real estate has been on the market is 77.7 days.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.14%, without taking into account capital value appreciation, which has been averaging out at 4.68%.

Metrics i HOUSE UNIT
$900,000 $860,000
2.86% 10.97%
13.56% 26.94%
5.28% 4.68%
$555 $520
85 30
3.21% 3.14%
42.28 77.7

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 4317
Median household income ($/weekly) 1458
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 696 16.1
    25-34 years 354 8.2
    35-44 years 644 14.9
    45-54 years 684 15.8
    55-64 years 581 13.5
    Others 1359 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 1675 55.0
    Not Married 1120 36.8
    Defacto Relationship 251 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3336 81.1
    Papua New Guinea 66 1.6
    South Africa 62 1.5
    United Kingdom 424 10.3
    Other 55 1.3
    Others 169 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.3
    Christianity 2910 73.4
    Hinduism 6 0.2
    Other Religious Groups 9 0.2
    No Religion 977 24.6
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 118 9.2
    $1,000-$1,249 116 9.0
    $1,500-$1,999 178 13.8
    $2,000-$2,499 135 10.5
    $2,500-$2,999 137 10.6
    Others 604 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1207 37.5
    Not in the labour force 1011 31.4
    Employed, worked part-time 782 24.3
    Employed, away from work 123 3.8
    Unemployed, looking for work 93 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 265 12.5
    Professionals 613 29.0
    Technicians & trades workers 313 14.8
    Community & personal service workers 229 10.8
    Clerical & administrative workers 283 13.4
    Others 412 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.5
    Infants/Primary 456 37.9
    Secondary 357 29.7
    Technical or Further Educational Institution 98 8.2
    University or other Tertiary Institutions 161 13.4
    Others 40 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3559 88.8
    Semi-detached, row or terrace house, townhouse 212 5.3
    Caravan, cabin, houseboat 125 3.1
    Flat, unit or apartment 104 2.6
    House or flat attached to a shop, office 9 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 624 43.0
    Fully owned 535 36.8
    Rented 290 20.0
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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