Suburb Profile Report for Terrigal NSW (2260)

Terrigal House: Median price $812,375, Annual capital growth 4.43%, Number of sales 165, Weekly median advertised rent $570

Terrigal Unit: Median price $685,000, Annual capital growth 3.06%, Number of sales 119, Weekly median advertised rent $530

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

Source: CoreLogic

  • House Report
  • Unit Report

Terrigal has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.19% to date .

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

Property buyers and investors in Terrigal 2260 should be seeing an average reduction in asking price of around -5.47% . This means that Terrigal is holding prices well when compared to other suburbs in NSW.

At number 661 in a list of fastest selling suburbs, Terrigal is in the TOP 20% of suburbs in Australia with an average of days on market 54.36 for properties listed there.

Terrigal is 634th on a list of best yielding suburbs for rents in NSW with a 3.65% return

Investment property in Terrigal has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.60%

Across a shorter period, Terrigal, 2260 has seen a median price increase of -3.52% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Terrigal itself are offering an average vendor discount of -5.39% to real estate investors.

With the median price for a house in Terrigal being $685000 and the advertised rent reaching $530 the gross rental yield for property investors calculates out to be 4.02%

HOUSE UNIT
$812,375 $685,000
0.60% -3.52%
6.19% 17.60%
4.43% 3.06%
$570 $530
165 119
3.65% 4.02%
54.36 69.93

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 10614
Median household income ($/weekly) 1323
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1276 12.0
    25-34 years 1192 11.2
    35-44 years 1358 12.8
    45-54 years 1474 13.9
    55-64 years 1494 14.1
    Others 3820 36.0
    Age Group
    Census Count Percent(%)
    Registered Married 4052 51.4
    Not Married 3178 40.3
    Defacto Relationship 648 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 7848 78.8
    Papua New Guinea 190 1.9
    South Africa 122 1.2
    United Kingdom 945 9.5
    Other 262 2.6
    Others 591 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 1.3
    Christianity 7383 76.3
    Hinduism 34 0.4
    Islam 48 0.5
    No Religion 2030 21.0
    Others 61 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 372 10.5
    $800-$999 324 9.1
    $1,500-$1,999 423 11.9
    $2,000-$2,499 337 9.5
    $2,500-$2,999 368 10.4
    Others 1720 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3071 37.2
    Not in the labour force 2898 35.1
    Employed, worked part-time 1686 20.4
    Employed, away from work 304 3.7
    Unemployed, looking for work 288 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 732 14.5
    Professionals 1258 24.8
    Technicians & trades workers 657 13.0
    Clerical & administrative workers 715 14.1
    Sales 609 12.0
    Others 1092 21.6
    Occupation
    Census Count Percent(%)
    Pre-school 198 8.0
    Infants/Primary 784 31.5
    Secondary 748 30.1
    Technical or Further Educational Institution 217 8.7
    University or other Tertiary Institutions 479 19.3
    Others 61 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6792 69.1
    Semi-detached, row or terrace house, townhouse 2083 21.2
    Flat, unit or apartment 579 5.9
    Caravan, cabin, houseboat 367 3.7
    House or flat attached to a shop, office 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1543 39.7
    Being purchased 1254 32.2
    Rented 1080 27.8
    Other tenure type 12 0.3
    Tenure Type
Census 2011, ABS
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