Suburb Profile Report for Empire Bay NSW (2257)

Empire Bay House: Median price $700,000, Annual capital growth 5.80%, Number of sales 45, Weekly median advertised rent $475

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

Source: CoreLogic

  • House Report

With a capital gain of 9.38% for the last 12 months, Empire Bay, 2257 has performed for property investments than its average annual 5.80% property growth over the last 5 years.

The five-year average increase in median property values for Empire Bay,2257 has given property investors a potential capital gain of 79.49% across each of those five years.

Vendor discounting in Empire Bay is giving property investors an average Vendor Discount of around -4.66%. This puts suburb at number 718th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Empire Bay the average time real estate has been on the market is 50.62 days.

Renters in Suburb are facing rents around $5700 per annum or $475 every week.

Metrics i HOUSE UNIT
$700,000 N/A
-10.83% N/A
9.38% N/A
5.80% N/A
$475 N/A
45 N/A
3.53% N/A
50.62 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2273
Median household income ($/weekly) 1133
Median age of persons 41
Median housing loan repayment ($/monthly) 2114
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 366 16.1
    35-44 years 318 14.0
    45-54 years 363 16.0
    55-64 years 308 13.5
    65-74 years 200 8.8
    Others 719 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 881 53.6
    Not Married 604 36.7
    Defacto Relationship 159 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1913 88.4
    Italy 14 0.6
    Papua New Guinea 37 1.7
    United Kingdom 116 5.4
    Other 22 1.0
    Others 62 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1685 79.7
    Hinduism 11 0.5
    Other Religious Groups 5 0.2
    No Religion 400 18.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 78 10.8
    $600-$799 75 10.4
    $800-$999 77 10.7
    $1,000-$1,249 69 9.6
    $1,500-$1,999 93 12.9
    Others 330 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 619 36.5
    Not in the labour force 592 34.9
    Employed, worked part-time 341 20.1
    Unemployed, looking for work 72 4.2
    Employed, away from work 71 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 112 10.9
    Professionals 170 16.6
    Technicians & trades workers 186 18.1
    Community & personal service workers 122 11.9
    Clerical & administrative workers 160 15.6
    Others 277 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.6
    Infants/Primary 254 42.9
    Secondary 163 27.5
    Technical or Further Educational Institution 53 9.0
    University or other Tertiary Institutions 67 11.3
    Others 16 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1951 90.9
    Flat, unit or apartment 99 4.6
    Caravan, cabin, houseboat 69 3.2
    Semi-detached, row or terrace house, townhouse 25 1.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 336 42.1
    Fully owned 293 36.7
    Rented 165 20.7
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals