Suburb Profile Report for Avoca Beach NSW (2251)

Avoca Beach House: Median price $782,500, Annual capital growth 3.35%, Number of sales 104, Weekly median advertised rent $600

Avoca Beach Unit: Median price $660,000, Annual capital growth 1.40%, Number of sales 38, Weekly median advertised rent $625

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

Source: CoreLogic

  • House Report
  • Unit Report

Avoca Beach has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.99% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Avoca Beach has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Avoca Beach is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 693th in terms of most discounted suburbs in NSW

Avoca Beach is 522th on a list of best yielding suburbs for rents in NSW with a 3.99% return

Giving property investors a a solid capital gain of 16.81% for the last year, Avoca Beach, 2251 is the 176th highest performer in Australia in this respect.

A 9.27% growth in median value for property investors in Avoca Beach,2251 puts this suburb at number 155th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Avoca Beach should be aiming for at least -5.41% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Avoca Beach being $660000 and the advertised rent reaching $625 the gross rental yield for property investors calculates out to be 4.92%

HOUSE UNIT
$782,500 $660,000
-2.19% 2.33%
3.99% 16.81%
3.35% 1.40%
$600 $625
104 38
3.99% 4.92%
74.85 116.64

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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