Suburb Profile Report for Terrigal NSW (2260)

Terrigal House: Median price $859,500, Annual capital growth 5.17%, Number of sales 175, Weekly median advertised rent $580

Terrigal Unit: Median price $710,000, Annual capital growth 3.44%, Number of sales 126, Weekly median advertised rent $528

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

Source: CoreLogic

  • House Report
  • Unit Report

Terrigal, 2260 ranked 681th in NSW when comparing growth in median property values or capital gain over the last 12 months. Terrigal is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Terrigal comes in at number 636th in NSW.

Our latest figures would indicate that property sellers in Terrigal are currently offering property investors an average price cut of -6.67% below the asking price at the moment.

On average over the past year, suburb has had 14.58 sales per month, which equates to 175 per year.

With the median price for a house in Terrigal being $859500 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.51%

If you compare the increase in value of investment property in Terrigal, 2260 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.40%.

Taking the average capital gain, or increase in median house value, Terrigal,2260 has racked up an average of 8.40% over the period. This ranks it number 327th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Terrigal is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Terrigal the average time real estate has been on the market is 53.92 days.

Metrics i HOUSE UNIT
$859,500 $710,000
4.18% 2.34%
8.80% 8.40%
5.17% 3.44%
$580 $528
175 126
3.51% 3.86%
53.84 53.92

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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Recent sales & rentals