Suburb Profile Report for Chittaway Bay NSW (2261)

Chittaway Bay House: Median price $552,000, Annual capital growth 5.99%, Number of sales 50, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report

At number 1851th in the list of Australian suburbs ordered by increase in median house value over the last year, Chittaway Bay, 2261 is in the top half with a property value increase of 7.18% recorded in median house prices.

The five-year average increase in median property values for Chittaway Bay,2261 has given property investors a potential capital gain of 69.33% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chittaway Bay, 2261. Typically our figures indicate that -3.72% is being offered, which puts this NSW suburb at 3215th most discounted overall in Australia.

In the last year 50 properties changed hands in Chittaway Bay, which puts it as the 656th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Chittaway Bay being $552000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.14%

Metrics i HOUSE UNIT
$552,000 N/A
3.66% N/A
7.18% N/A
5.99% N/A
$440 N/A
50 N/A
4.14% N/A
54.27 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1900
Median household income ($/weekly) 1104
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 248 13.0
    25-34 years 204 10.7
    35-44 years 249 13.1
    45-54 years 299 15.7
    55-64 years 253 13.3
    Others 648 34.1
    Age Group
    Census Count Percent(%)
    Registered Married 685 47.8
    Not Married 598 41.7
    Defacto Relationship 151 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1636 89.1
    Indonesia 14 0.8
    Papua New Guinea 33 1.8
    United Kingdom 100 5.4
    Other 20 1.1
    Others 34 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1415 79.6
    No Religion 326 18.3
    Buddhism 18 1.0
    Hinduism 13 0.7
    Islam 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 80 12.6
    $600-$799 60 9.5
    $1,000-$1,249 67 10.6
    $1,500-$1,999 91 14.4
    $2,000-$2,499 62 9.8
    Others 273 43.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 542 36.7
    Not in the labour force 542 36.7
    Employed, worked part-time 281 19.0
    Unemployed, looking for work 64 4.3
    Employed, away from work 47 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 122 14.0
    Technicians & trades workers 154 17.7
    Community & personal service workers 104 11.9
    Clerical & administrative workers 127 14.6
    Labourers 129 14.8
    Others 235 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 46 9.9
    Infants/Primary 154 33.3
    Secondary 148 32.0
    Technical or Further Educational Institution 49 10.6
    University or other Tertiary Institutions 55 11.9
    Others 11 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1804 98.2
    Semi-detached, row or terrace house, townhouse 30 1.6
    Flat, unit or apartment 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 268 39.1
    Fully owned 242 35.3
    Rented 173 25.2
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals