Suburb Profile Report for Summerland Point NSW (2259)

Summerland Point House: Median price $480,000, Annual capital growth 5.36%, Number of sales 77, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Summerland Point, 2259 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.07%.

Taking the average capital gain, or increase in median house value, Summerland Point,2259 has racked up an average of 17.07% over the period. This ranks it number 400th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Summerland Point is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 545th in terms of most discounted suburbs in NSW

Advertised rents are around the $375 mark per week – giving a return of 4.06% based on the median price in Suburb

HOUSE UNIT
$480,000 N/A
2.13% N/A
17.07% N/A
5.36% N/A
$375 N/A
77 N/A
4.06% N/A
55.76 N/A

Source: CoreLogic

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