Suburb Profile Report for Kanwal NSW (2259)

Kanwal House: Median price $460,000, Annual capital growth 5.60%, Number of sales 91, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report

Investment property in Kanwal 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 10.84%

Taking the average capital gain, or increase in median house value, Kanwal,2259 has racked up an average of 10.84% over the period. This ranks it number 825th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Kanwal should be aiming for at least -5.31% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 7.58 sales per month, which equates to 91 per year.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 5.60%.

Metrics i HOUSE UNIT
$460,000 N/A
-0.54% N/A
10.84% N/A
5.60% N/A
$395 N/A
91 N/A
4.47% N/A
54.63 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3873
Median household income ($/weekly) 864
Median age of persons 42
Median housing loan repayment ($/monthly) 1681
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 541 14.0
    35-44 years 456 11.8
    45-54 years 443 11.4
    55-64 years 402 10.4
    65-74 years 405 10.5
    Others 1626 42.0
    Age Group
    Census Count Percent(%)
    Registered Married 1230 47.9
    Not Married 1127 43.9
    Defacto Relationship 211 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3202 87.6
    Papua New Guinea 33 0.9
    Philippines 23 0.6
    United Kingdom 213 5.8
    Other 58 1.6
    Others 125 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.4
    Christianity 2869 81.6
    Islam 21 0.6
    Other Religious Groups 9 0.3
    No Religion 597 17.0
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 122 10.4
    $400-$599 197 16.7
    $600-$799 154 13.1
    $800-$999 114 9.7
    $1,500-$1,999 136 11.5
    Others 455 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1503 51.0
    Employed, worked full-time 818 27.7
    Employed, worked part-time 453 15.4
    Unemployed, looking for work 106 3.6
    Employed, away from work 69 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 166 12.4
    Technicians & trades workers 213 15.9
    Clerical & administrative workers 187 13.9
    Sales 164 12.2
    Labourers 198 14.7
    Others 415 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 88 10.3
    Infants/Primary 332 38.9
    Secondary 263 30.8
    Technical or Further Educational Institution 80 9.4
    University or other Tertiary Institutions 78 9.1
    Others 12 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2986 87.8
    Semi-detached, row or terrace house, townhouse 263 7.7
    Caravan, cabin, houseboat 131 3.9
    House or flat attached to a shop, office 12 0.4
    Flat, unit or apartment 7 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 505 39.4
    Being purchased 454 35.4
    Rented 312 24.3
    Other tenure type 11 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals