Suburb Profile Report for Summerland Point NSW (2259)

Summerland Point House: Median price $505,000, Annual capital growth 5.59%, Number of sales 65, Weekly median advertised rent $393

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

Source: CoreLogic

  • House Report

Property value increases in Summerland Point have tracked just higher than the NSW average of 10.13% over the last 12 months.

While Summerland Point,2259 ranked number 645th in NSW for increase in median house value (annualised) increase, it is ranked 546th over the last 5 years.

Property buyers and investors in Summerland Point 2259 should be seeing an average reduction in asking price of around -4.85% . This means that Summerland Point is holding prices well when compared to other suburbs in NSW.

At number 1482 in a list of fastest selling suburbs, Summerland Point is in the TOP 40% of suburbs in Australia with an average of days on market 68.27 for properties listed there.

Advertised rents are around the $392.5 mark per week – giving a return of 4.04% based on the median price in Suburb

Metrics i HOUSE UNIT
$505,000 N/A
2.90% N/A
15.03% N/A
5.59% N/A
$393 N/A
65 N/A
4.04% N/A
68.27 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2358
Median household income ($/weekly) 919
Median age of persons 44
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 341 14.5
    35-44 years 309 13.1
    45-54 years 328 13.9
    55-64 years 336 14.2
    65-74 years 321 13.6
    Others 723 30.7
    Age Group
    Census Count Percent(%)
    Registered Married 920 53.3
    Not Married 639 37.0
    Defacto Relationship 168 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2009 88.0
    Greece 14 0.6
    Papua New Guinea 22 1.0
    United Kingdom 116 5.1
    Other 33 1.4
    Others 90 3.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1761 80.4
    No Religion 396 18.1
    Buddhism 20 0.9
    Islam 7 0.3
    Other Religious Groups 7 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 79 9.6
    $400-$599 125 15.2
    $600-$799 97 11.8
    $800-$999 100 12.2
    $1,500-$1,999 109 13.3
    Others 310 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 868 47.9
    Employed, worked full-time 537 29.6
    Employed, worked part-time 267 14.7
    Unemployed, looking for work 87 4.8
    Employed, away from work 55 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 110 12.8
    Technicians & trades workers 166 19.3
    Clerical & administrative workers 109 12.7
    Sales 106 12.3
    Labourers 95 11.1
    Others 273 31.8
    Occupation
    Census Count Percent(%)
    Pre-school 49 9.4
    Infants/Primary 214 41.0
    Secondary 162 31.0
    Technical or Further Educational Institution 48 9.2
    University or other Tertiary Institutions 38 7.3
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2215 99.3
    Semi-detached, row or terrace house, townhouse 12 0.5
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 373 42.6
    Being purchased 295 33.7
    Rented 204 23.3
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals